Facts and Figures Obtained by Watching, Either Mechanically or in Person

question 236

Multiple Choice

Facts and figures obtained by watching, either mechanically or in person, how people actually behave are referred to as ________ data.

• A) inspection
• B) hypothetical
• C) primary source
• D) observational
• E) eyewitness

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Definitions:

Accrued Liabilities

Expenses that have been incurred but not yet paid, recognized on the balance sheet for financial reporting purposes.

Quality Of Income Ratio

A ratio that indicates the proportion of income that has been realized in cash and thus gives an idea of the company's cash flow condition.

Accrual Of Revenue

The recognition of income by a business at the time the revenue is earned, not necessarily when cash is received.

Cash Dividend

A payment made by a company out of its profits to shareholders in the form of cash.