Which of the Following Statements About Observational Methods Is Not

question 83

Multiple Choice

Which of the following statements about observational methods is not true?

• A) They can be very economical.
• B) They avoid potential biases.
• C) They can be conducted by a human or by mechanical devices.
• D) They are a form of secondary data collection.

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Definitions:

Worthless Today

Describes assets or investments that have lost all monetary value in the current period.

Significant Liability

Substantial financial obligations or debts that a company or individual has, which can impact financial health.

Credit Cards

Financial tools issued by banks allowing cardholders to borrow funds within a pre-approved limit for purchases or cash advances, typically requiring repayment with interest.

Mortgages

Loans secured by real property, typically used by individuals or businesses to purchase homes or real estate.