Contingency Questions

question 29

Multiple Choice

Contingency questions:

• A)Are used to increase the likelihood of responses from those for whom the questions are relevant.
• B)Should not be used because they frustrate respondents.
• C)Enable the researcher to ask several questions that have the same set of answer categories.
• D)All of these.

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Definitions:

Cost-Plus Approach

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.

Fixed Manufacturing Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance for a manufacturing facility.

Variable Selling

Refers to costs that vary directly with changes in the volume of sales. These can include commissions, shipping fees, and packaging costs.

Administrative Expenses

Administrative expenses are the costs related to the general operation of a business, including items like office supplies, salaries of administrative personnel, and other non-production costs.