One Disadvantage of Longitudinal Designs Is That

question 181

Multiple Choice

One disadvantage of longitudinal designs is that

• A) the groups selected for comparison may differ in more regards than just age.
• B) the results cannot be analyzed statistically.
• C) it is hard to separate differences due to age from differences due to changes in society.
• D) the results must be inferred from memories reported long after the events actually occurred.

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Definitions:

Accrued Salaries Expense

Refers to the salaries that have been incurred by the business but have not yet been paid or recorded in the financial statements.

Completed-Contract Method

An accounting method used where revenue and profit are deferred until a contract is completed, particularly useful in long-term projects.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts proportionally to the amount of work completed.

Extractive Industry

Industries involved in the extraction of natural resources from the earth, such as mining, drilling for oil, or logging.