________ Refer to Open-Ended Questions That Respondents Answer in Their

question 120

Multiple Choice

________ refer to open-ended questions that respondents answer in their own words.

• A)Dichotomous questions
• B)Structured questions
• C)Unstructured questions
• D)Branching questions

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Definitions:

LIFO

An inventory valuation method, "Last In, First Out," where the most recently produced or acquired items are recorded as sold first.

Current Cost Profits

The earnings achieved by a company based on the replacement costs of the assets used in its operations rather than historical cost accounting.

Operating Profits

Profits from a company's core business operations, excluding deductions of taxes and interest.

Regulation S-X

Rules and regulations set by the Securities and Exchange Commission (SEC) that dictate the form, content, and requirements of financial statements submitted by public companies in the United States.