Which of the Following Describes the Most Essential Rules of Research

question 20

Multiple Choice

Which of the following describes the most essential rules of research as expressed by Kerlinger's MAXMINCON principle?

• A) Researchers try to maximize error variance, minimize the systematic variance of the variables under study, and control extraneous variables.
• B) Researchers try to maximize the systematic variance of the variables under study, minimize error variance, and control dependent variables.
• C) Researchers try to maximize error variance, minimize the systematic variance of the variables under study, and control dependent variables.
• D) Researchers try to maximize the systematic variance of the variables under study, minimize error variance, and control extraneous variables.

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Definitions:

Gross profit

The difference between revenue and the cost of goods sold before accounting for certain other costs like operating expenses.

Perpetual inventory system

Inventory accounting where transactions are recorded in real-time, updating the inventory account continuously.

LIFO inventory cost method

A method in accounting where the last item of inventory purchased is the first one used or sold.

Ending inventory

The value of goods available for sale at the end of an accounting period, crucial for determining cost of goods sold and net income.