The Method Which Simplifies or Reduces Data Is a Procedure

question 40

Multiple Choice

The method which simplifies or reduces data is a procedure sometimes referred to as ______.

• A)correlation
• B)factor analysis
• C)path analysis
• D)MANOVA

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Definitions:

Gross Method

An accounting method where purchases are recorded at their gross price, without deducting any discounts at the time of purchase.

Merchandise

Products or goods that are bought, sold, or traded in the course of business.

Trade Discount

A reduction from the list price granted by a seller to a buyer, often based on volume or trade practices.

List Price

The initial sales price of a product or service before any discounts or allowances are applied.