Numerical Data from Questionnaires or Interviews Are Usually Summarized Using

question 60

Multiple Choice

Numerical data from questionnaires or interviews are usually summarized using systematic columns and rows in a

• A) pie chart.
• B) table.
• C) bar chart.
• D) flowchart.

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Definitions:

Economic Profits

Economic profits are the total revenues of a firm minus the opportunity costs of all inputs, reflecting the additional gain over the normal profit.

Insurable Risks

Risks that meet certain criteria making them insurable, such as being definite, accidental, and potentially financially devastating to the insured.

Entrepreneur's Reward

The financial gain and intangible benefits an entrepreneur receives for taking on the risks and challenges of starting and managing a new business venture.

Profits And Losses

Financial results indicating the difference between a business's revenues and its costs over a period; profits indicate revenues exceed costs, whereas losses indicate the opposite.