Quantitative Research

question 69

Multiple Choice

Quantitative research:

• A) Involves structured responses that can be summarized.
• B) Is not a good method for measuring consumer attitudes and opinions.
• C) Mainly uses small samples of respondents.
• D) Is only possible by using a mail survey.
• E) Relies on open-ended responses to survey questions instead of multiple-choice responses.

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Definitions:

Surplus

An excess of what is needed or used, typically referring to goods, services, or resources exceeding what is required.

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinate petroleum policies and prices globally.

Price Ceiling

A government-imposed maximum price that can be charged for a good or service, intended to protect consumers.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials that can be refined to produce usable products such as gasoline, diesel, and various forms of petrochemicals.