Which of the Following Is a Disadvantage of Person-Administered Surveys

question 77

Multiple Choice

Which of the following is a disadvantage of person-administered surveys?

• A)They are slower than other methods.
• B)They are more expensive.
• C)They are prone to errors.
• D)High cost.
• E)all of the above

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Definitions:

Optimal Factor Mix

The most efficient combination of resources and inputs a firm uses to produce goods or services at the lowest cost.

Resource Markets

Markets where productive inputs, such as labor, natural resources, and capital, are bought and sold.

Productivities

The levels of output or efficiency achieved from a set amount of inputs in production or work processes.

Profit-Maximizing

The process where a firm adjusts its production to achieve the highest possible profit given its constraints.