When Use of Telephone Exchanges and Random Numbers to Develop

question 44

Short Answer

When use of telephone exchanges and random numbers to develop a sample of respondents in a landline phone survey is used, this is called ______.

Analyze the effect of competition on market operations and services.

Understand how supply and demand affect market equilibrium, prices, and quantities.

Analyze the impact of external shocks on market supply and demand.

Comprehend the role of substitute goods in market dynamics.

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Definitions:

Collection Float

The time period between when a payment is made by a customer and when the funds become available to the recipient.

Cheques

Financial instruments that instruct a bank to pay a specific amount of money from a person's account to another individual or entity.

Processed

Refers to items or data that have been altered, refined, analyzed, or prepared through a series of actions for a specific use or purpose.

Disbursement Float

The time lag between when a check is issued and when the funds are actually withdrawn from the issuer’s account.