An Operational Definition

question 61

Multiple Choice

An operational definition

• A) is less objective than a conceptual definition.
• B) complicates the research procedure.
• C) specifies the operations used to obtain data.
• D) can supplement a conceptual definition rather than replace such a definition.

---

Definitions:

Interest Payable

A liability account showing the amount of interest expense that has been incurred but not yet paid as of the balance sheet date.

Effective Interest Method

A technique used in accounting to allocate interest expense or income over the life of a financial instrument at a constant interest rate.

Semiannually

Occurring twice a year, typically every six months.

Discount Amortized

The process of gradually reducing the discount on bonds payable over the life of the bonds as an interest expense.