What are some potential problems with data collected in another country?
What will be an ideal response?
Depending on the level of development and transparency in a country, there are several potential problems an entrepreneur might face when collecting data:
? Comparability – The data for one country may not be the same as in another country, either in time scale, magnitude, or research factor.
? Availability – Some countries have more data available than others. For those that have less data it can be difficult to make accurate predictions of the market or to fully analyze all the necessary factors.
? Accuracy – Sometimes the data collected has been done so using vigorous standards, or else its collection or representation may have been influenced by a heavy hand such as a powerful local businessman or government. This is most often the case in less developed markets.
? Cost – While all government collected data is available for free in the United States, the cost of obtaining data in other countries can be quite high, either through the government or through private data collection sources.
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If the stock market is efficient and investors are risk neutral, then
A. capital gains are always positive. B. stock prices are predictable. C. the CAPM model works perfectly. D. stock prices follow a random walk.
These tests focus on data rather than process: __________________________,
Fill in the blank(s) with correct word
A university enrolled 200 graduate students in the Fall of 2011. However, the enrollment rate was only slightly affected following a 12-percent hike in tuition the following fall. This illustrates ________ demand
A) derived B) negative C) highly elastic D) composite E) inelastic
Pickets may prevent trucks and railcars from entering a struck business because
A. the union has a legal right to obstruct the business of the employer they are striking against. B. picketing during a strike carries a legal obligation on the part of the employer to cease operations, including delivery of goods and materials. C. operators of trucks and railcars must get permission from the picketing union to enter the premises. D. unions often refuse to cross another union's picket line.