Which of the Following Is NOT a Recommended Practice for Coding

question 38

Multiple Choice

Which of the following is NOT a recommended practice for coding data and entering it into a file?

• A) Assign specific column locations for particular variables.
• B) When a question allows multiple responses, use the same variable for each response option.
• C) Use only numeric codes, not letters of the alphabet or special characters like @.
• D) Use standard codes for "no information".
• E) Code a respondent identification number on each record.

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Definitions:

Profit-Maximizing Monopoly

A market condition where a single seller dominates, aiming to achieve the highest possible profit by controlling prices and output.

Total Profit

The total income of a business after all expenses and costs have been deducted from its total revenue.

Optimum Efficiency

The state in which resources are allocated in the most efficient manner possible, maximizing outputs while minimizing wastes and costs.

Perfect Competitor

An idealized market structure in which many firms produce identical products, entry and exit are easy, and all participants have perfect information.