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Why Are Open Practices Important

question 74

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Why are open practices important?


Definitions:

Data from Source Documents

Information collected from original records or documents used for analysis or decision-making.

Raw Data

Unprocessed and unanalyzed information collected from observations, measurements, or responses, often the initial step before analysis or interpretation.

Conversion

The act of changing something into a different form or entity, often used in marketing to refer to turning prospects into customers.

Cash-Basis Accounting

An accounting method where revenues and expenses are recorded when cash is received or paid, rather than when earned or incurred.

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