Survey Results Are Considered Reliable When ______________

question 46

Multiple Choice

Survey results are considered reliable when ______________

• A)similar results would be obtained if the survey were repeated under similar conditions.
• B)a representative group of people has been surveyed.
• C)the research measures what it was intended to measure.
• D)the phrasing of the questions is unbiased.

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Definitions:

Total Revenue

The total income a firm receives from the sale of its goods or services before any costs or expenses are subtracted.

Least Elastic

Refers to the degree of responsiveness or sensitivity of demand or supply to changes in prices, with the least elastic being the least responsive.

Straight-Line Demand

Straight-Line Demand refers to a demand curve that shows a constant rate of change in the quantity demanded as price changes.

Percentage of Income

A measure indicating what portion or ratio of one's income is allocated to a specific expenditure or category.