Good Closed-Format Surveys Have Three Features,mutually Exclusive,exhaustive,and Balanced

question 33

Essay

Good closed-format surveys have three features,mutually exclusive,exhaustive,and balanced.Discuss these three features and an example of each.

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Definitions:

Monthly Interest Rate

The interest rate applied to a loan or credit balance on a monthly basis.

Variable Cost

Expenses that vary in relation to the amount of product or service generated by a company.

Sales Price

The final amount of money charged for a product or service, or the value that consumers are willing to pay.

Optimal Point

The most favorable position or condition that yields the maximum benefit or efficiency in a given situation, such as in investment or production.