1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
5

What would you say are four major faults of measurement

Business
1 answer:
-BARSIC- [3]3 years ago
4 0

Answer:

The major faults of measurement are:

  • Coverage
  • Measurement
  • Sampling and
  • Response

Explanation:

During business research, the data collected during the survey can become very unusable due to errors arising from the factors listed above.

The problem of coverage arises when for instance an electronic survey is used to collect data from a sample population where 69% for instance, do not have access to a mobile phone or a computer.

Measurement problems during a survey speak to the ability to properly design a questionnaire in such a way that it elicits the right kinds of responses. This means asking the right questions so that the responses or answers are accurate. The irony of measurement error is that one's survey is useless if they got the questionnaire design wrong, regardless of whether or not the response rate was very high.

After administering a survey and there is little or no response, one is said to have an error in response rate. A low response rate increases the error margin of the survey as well as it's unreliability.

Sampling errors are said to occur when the sample size is too small or statistically homogenous such that it does not accurately represent the entire population. When this happens it is termed <em>sample frame error.</em>

Another error can occur when the researcher includes the wrong population or excludes the right population. This is called <em>Error in Population Specification. </em>

Cheers

You might be interested in
Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of deprecia
Aleksandr-060686 [28]

Answer:

A. $17,280.

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 5

= 20

Now the rate is double So, 40%

In year 2017, the original cost is $120,000, so the depreciation is $48,000 after applying the 50% depreciation rate

And, in year 2018, the ($120,000 - $48,000) × 40% = $28,800

And, in year 2019, ($120,000 - $48,000 - $28,800) × 40% = $17,280

Hence, the first option is correct

5 0
3 years ago
Assume company can produce any amount above 3.4 units. Naploc purchased the equipment for $12,000 and did not start production y
svetlana [45]

Answer: $12,000

Explanation:

As no production has been started yet, no other costs have been incurred by Naples for the equipment other than the $12,000.

The lowest price that Tebit should offer therefore should be the price that the equipment was purchased for as the equipment has not not been used to produce anything and so has not incurred any variable costs or donated any incremental value that would decrease or increase its value.

7 0
3 years ago
Acme, Inc., incurs the following costs during May:
chubhunter [2.5K]

Answer:

Particulars                                            Amount

Raw material used                               $18,600

Add: Direct labor                                 $26,600

<u>Overhead costs</u>

Factory supplies                 $3,100

Plant depreciation              $6,800

Indirect labor                      $8,600

Utilities ($10,600*80%)       <u>$8,480</u>  

Total overhead cost                             <u>$26,980</u>

Total manufacturing costs                 <u>$72,180</u>

8 0
3 years ago
An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
topjm [15]

Answer:

$120 billion

Explanation:

Economy operating at $300 billion above its natural level of output.

Marginal propensity to consume, MPC = 3/5 = 0.6

For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:

Spending multiplier:

= 1/ (1 - MPC)

= 1/ (1 - 0.6)

= 1/ 0.4

= 2.5

Hence, the government spending reduces by

= Expansionary gap ÷ Spending multiplier

= $300 ÷ 2.5

= $120 billion

4 0
4 years ago
A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals:
Margaret [11]

Answer: 1.27

Explanation:

The acid test ratio of a company measure how well a company would be able to pay off its current liabilities using its most liquid current assets (current assets less inventory).

= (Cash + Accounts Receivable) / Current liabilities

= (40,000 + 55,000) / 75,000

= 95,000 / 75,000

= 1.27

8 0
3 years ago
Other questions:
  • Consumers will willingly make less-informed decisions: a. ​ if information costs are less than the perceived benefits of gatheri
    10·1 answer
  • During a holiday month, a retail store brings in 300% above its average sales in other months.if a typical month has $1600 in sa
    10·1 answer
  • Frank asks his customers to complete a survey about the service they receive at his company so that he and his staff can make ad
    5·1 answer
  • Ways to "produce for inventory" that result in increasing operating income include ________.
    11·1 answer
  • On Jan 15th, Mr. White discovered that the net income for the previous year was understated by $60,000. Mr. Black tells Mr. Whit
    12·1 answer
  • Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and va
    11·1 answer
  • Helpppppppp, please get correct!!!!
    11·1 answer
  • What is the best strategy to avoid paying interest on your credit cards?
    7·2 answers
  • adelia bought 100 units at $15 each. The Company then sold 30 units at $25 each, and 50 percent was paid in cash. What amount wi
    12·1 answer
  • A very safe stock investment that generally attracts conservative investors is called a ________ stock. the dow 30 is made up of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!