Collection and Analysis of Information Used to Assist Managers in Making

question 136

Multiple Choice

Collection and analysis of information used to assist managers in making informed decisions is known as ________.

• A) data collection
• B) market research
• C) secondary market research
• D) market analysis

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Definitions:

Principle of Neutrality

It refers to the economic principle that fiscal policy should not distort market behavior, aiming to maintain a neutral effect on economic choices.

Economic Decisions

Choices made by individuals, businesses, or governments regarding the allocation of resources to satisfy various needs and wants.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good buyers are willing to purchase at different prices.

Labor

The effort exerted by humans to produce goods and services in the economy.