It Is Important to Consider Who Collected Data That a Company

question 71

Multiple Choice

It is important to consider who collected data that a company may use.An emerging trend is the:

• A)Rise of commissioned studies.
• B)Outsourcing of data.
• C)Subcontracting of data.
• D)Crowdsourcing of data.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used for preparing financial statements.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating a negative financial performance.

Notes Receivable

An asset on the balance sheet representing the right to receive payments from a debtor under the terms of a promissory note.

Noncurrent Assets

Long-term resources owned by a company, such as property, plant, equipment, and intangible assets, expected to provide value beyond the immediate fiscal year.