Open-Ended Questions Allow Respondents to Express Themselves Freely in Their

question 10

True/False

Open-ended questions allow respondents to express themselves freely in their responses, which tend to result in more detailed responses that are useful for exploratory research.

Appreciate the role of privatization and deregulation in transitioning from command to market economies.

Comprehend how political systems and ideologies (e.g., collectivism, socialism) influence business operations and international trade.

Understand the importance of assessing political freedom and its impact on business operations in different countries.

Recognize the consequences of macro and micro political risks on international businesses.

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Definitions:

Likelihood Probabilities

Measures of how probable different outcomes are, given a specific set of observed data, in statistical analysis.

Joint Probabilities

The likelihood of two or more events happening at the same time.

Marginal Probabilities

The probability distribution of the random variables individually, without regard to any possible correlations between them.

Conditional Probabilities

The likelihood that an event will happen, given the precondition of another event's occurrence.