The Most Common Error in Reading and Interpreting Research Studies

question 146

Multiple Choice

The most common error in reading and interpreting research studies is in

• A) assuming that the data have been incorrectly reported
• B) assuming that the correct statistical tests have been used
• C) assuming that the causal factor has been isolated
• D) all of these

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Definitions:

Ordinary

Refers to income or transactions that are common or usual within the context of business and taxes.

Donee's Basis

The value assigned to a gift or inherited property for the purpose of determining gain or loss when the property is sold by the recipient.

FMV

The estimated sales price of an asset in the marketplace where both buyer and seller are informed and willing.

Code Sections 1245

Refers to a section of the U.S. Internal Revenue Code that deals with the recapture of depreciation upon the sale of certain types of business property.