Questions That Allow a Respondent to Select from a Predetermined

question 24

Multiple Choice

Questions that allow a respondent to select from a predetermined set of responses are called:

• A) Closed-ended questions
• B) Fixed-choice questions
• C) Open-ended questions
• D) Both a and b
• E) Both a and c

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Definitions:

Double-declining-balance

A method of accelerated depreciation where an asset’s book value is reduced at double the rate of its straight-line depreciation.

Salvage Value

The anticipated worth of an asset upon its sale following the conclusion of its useful life.

Useful Life

The estimated period over which a fixed asset is expected to be usable for the purpose it was acquired.

Leasehold Improvements

Enhancements made to a leased property by the lessee, such as additions or modifications, which typically improve the property's value or utility.