When Comparing and Contrasting Between a Retrospective and Prospective Study

question 13

Multiple Choice

When comparing and contrasting between a retrospective and prospective study, which of the following is a TRUE statement?

• A) Prospective studies are generally less expensive than retrospective methodologies.
• B) There is more chance for the introduction of bias in the data gathering for prospective studies.
• C) Prospective studies have greater validity than retrospective studies.
• D) Retrospective studies use a research form or instrument specifically designed for the study.

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Definitions:

Physical Inventory

The process of counting all physical merchandise or stock in a business at a specific time to verify the quantities on hand.

Consignment

A process where goods are sent by their owner to an agent for the purpose of sale, storage, or shipment.

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's location.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some data points more than others.