Which Is an Advantage of Using the Survey Method, If

question 134

Multiple Choice

Which is an advantage of using the survey method, if properly done?

• A) The participants will tell you what you want to hear.
• B) Only a few subjects need to be used.
• C) It can provide highly accurateformation
• D) Answers are short and easy to analyze.

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Definitions:

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in the transaction.

Sole Proprietorship

The simplest form of business organization in which the owner is the business. Anyone who does business without creating a formal business entity has a sole proprietorship.

Professional Corporation

A type of corporation for professionals such as lawyers, doctors, and accountants, subject to specific regulatory provisions.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.