Which of the Following Statements Is Correct

question 77

Multiple Choice

Which of the following statements is correct?

• A)Business researchers rarely give attention to collecting meaningful data.
• B)Variables are data that can be directly used for decision making.
• C)Valid data are the lifeblood of business statistics.
• D)Measurements never need to be defined by the business researcher.
• E)Business statistics are extremely complex and hard to use for decision making.

---

Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a specific period, before any deductions.

Expenses

Costs incurred in the process of earning revenue, such as rent, utilities, and salaries.

Stockholders' Equity

The remaining interest in a corporation's assets after all liabilities are subtracted, which signifies ownership.

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered but not yet paid for.