The Main Difference Between a Laboratory Experiment and a Field

question 26

Multiple Choice

The main difference between a laboratory experiment and a field experiment is

• A) laboratory experiments are less controlled.
• B) field experiments are more artificial.
• C) field experiments are conducted in a natural setting.
• D) laboratory experiments have better external validity.

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Definitions:

Operating Segment

A component of an enterprise, engaged in business activities from which it may earn revenues and incur expenses.

Consistency

An accounting principle that requires accounting methods and principles to be applied in the same manner from period to period unless a change is justified.

Income Tax Expense

The amount of money a company or individual owes to the government based on the taxable income earned during a fiscal year.

Interim Period

A temporary or Middle phase in a fiscal year or financial reporting period, often used for assessing a company's performance partway through the year.