Discuss what can be done to reduce not-at-homes
What will be an ideal response?
The percentage of not-at-homes can be substantially reduced by employing a series of callbacks, or periodic follow-up attempts to contact nonrespondents. The decision about the number of callbacks should weigh the benefits of reducing nonresponse bias against the additional costs. As callbacks are completed, the callback respondents should be compared to those who have already responded to determine the usefulness of making further callbacks. In most consumer surveys, three to four callbacks may be desirable. Whereas the first call yields the most responses, the second and third calls have a higher response per call. It is important that callbacks be made and controlled according to a prescribed plan.
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Which of the following is true of in-basket exercises?
A. They require teams of five to seven employees to work together to solve assigned problems within a certain time period. B. They are paper-and-pencil tests designed to measure participants' communication styles and skills. C. They simulate the administrative tasks of a manager's job, using a pile of documents for the employee to handle. D. They require participants to take the part of a manager or employee in a situation involving the skills to be assessed. E. They require the use of interest and aptitude tests to evaluate an employee's vocabulary, general mental ability, and reasoning skills.
Exchange-rate risk arises from the fact that the spot exchange rate on a future date is unknown
today. Indicate whether the statement is true or false