A Major Advantage of Using a Questionnaire to Gather Data

question 16

Multiple Choice

A major advantage of using a questionnaire to gather data about training needs is that:

• A) it is fast and easy to gather a lot of data
• B) it is always unbiased
• C) it is completed by the supervisor
• D) it involves a two way dialog

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Definitions:

Interdependence

A situation where entities are dependent on each other, often observed in global economies where countries rely on others for resources, technology, or markets.

Price Takers

Firms or individuals who accept the market price as given and have no influence to alter the price of the good or service they are selling or buying.

Four-firm Concentration Ratio

A measurement that indicates the combined market share of the four largest firms in an industry, used to assess the degree of competition within the market.

Herfindahl Index

A measure of market concentration that is used to determine the amount of competition among firms within an industry.