The Ability of a Data Collection Technique to Provide Many

question 30

Multiple Choice

The ability of a data collection technique to provide many types of primary data is known as

• A) Breadth of scope.
• B) Cost efficiency.
• C) Communicability.
• D) Versatility.
• E) Objectivity.

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Definitions:

Trade-In Allowance

An amount credited to the buyer by the seller for a trade-in, which is applied to the purchase price of a new item.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

Cash Price

The price of an item for immediate payment, as opposed to a higher price when paying on credit.

Productivity

A measure of efficiency, typically defined as the output of goods or services produced per unit of input, such as labor or capital.