Which of the Following Is Not a Concern About the Use

question 63

Multiple Choice

Which of the following is not a concern about the use of agency records?

• A) since most agencies are computerized, there is little cause to be concerned about the quality of the data
• B) expect the expected, it is the unexpected findings that are worrisome
• C) changes in record-keeping practices can affect the measurement
• D) data will be accurate because agency data has to be

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Definitions:

Economic Profit

The profit a company makes after accounting for both its explicit and implicit costs, differing from accounting profit by considering opportunity costs.

Marginal Revenue

The additional income earned from the sale of one more unit of a product or service.

Industry Standard

A set of criteria within an industry that acts as an agreed-upon norm or benchmark for products, services, and processes.

Economies of Scale

A concept in economics where increasing the scale of production leads to a decrease in the average cost of each unit produced.