Which of the Following Goals Should a Good Survey Instrument

question 32

Multiple Choice

Which of the following goals should a good survey instrument accomplish?

• A) Encourage each participant to provide accurate responses
• B) Encourage participants to be succinct in their responses
• C) Encourage participants to answer only those questions they are comfortable answering
• D) Encourage participants to end the survey when they feel they have contributed enough information
• E) Ask as much as possible from the respondents

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue.

Actual Inventory

The physical count of products or materials a company has available at a specific point in time.

Ending Inventory

Ending inventory is the value of goods still available for sale by a company at the end of an accounting period, calculated as the sum of the beginning inventory plus purchases minus cost of goods sold.

LIFO

"Last In, First Out," an inventory costing method where the most recently produced or acquired items are sold or used first, potentially reducing taxes during inflation.