Explain the advantages and disadvantages of surveys.
What will be an ideal response?
Survey research presents numerous advantages. They provide a quick, often inexpensive, efficient, and accurate means of assessing information about a population. Researchers can apply fairly straightforward statistical tools in analyzing sample survey results. However, they can also be ineffective or misleading when researchers do not follow basic research principles, such as taking care in designing both the survey instrument and the sampling frame. Surveys are also an additional source of error when the researchers intend to study actual behavior because the respondent may error answering questions about what they have done or what they will do. Each survey tool also introduces some unique disadvantages. However, errors, such as random sampling errors and systematic errors, are common to all forms of surveys.
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April and Cammy are partners who have agreed to admit Elena, who will invest $30,000 for a 20 percent interest. The previous capital balances were $30,000 and $60,000 for April and Cammy, respectively. April and Cammy had shared profits equally. The entry that records Elena's admission to the partnership is:
A) Cash 30,000 Elena, Capital 30,000 B) Cash 30,000 April, Capital 3,000Cammy, Capital 3,000Elena, Capital 24,000 C) Cash 24,000 Elena, Capital 24,000 D) Elena, Capital 6,000 Cash 6,000
The point where the total costs line intersects the left-hand vertical axis on the cost-volume-profit chart represents:
A) the minimum possible operating loss B) the maximum possible operating income C) the total fixed costs D) the break-even point
If Jim wants $25,000 in five years and can earn an 8% interest rate, how much does he need to invest today? (Note—Solve as a present value problem.)
A) $16,108 B) $17,025 C) $15,158 D) $17,829
Featherbedding, the illegal use of union funds for the personal benefit of union leaders, is outlawed by the Landrum- Griffin Act
a. True b. False Indicate whether the statement is true or false