The Newest and Currently Most Popular Form of Data Collection

question 66

True/False

The newest and currently most popular form of data collection is the use of social media,which are immense groups of potential respondents who are recruited and compensated by companies that provide access to them for a fee.

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Definitions:

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's specified location.

Freight Cost

The charge incurred for transporting goods via air, land, or sea.

Periodic Inventory System

An inventory accounting method where the inventory count and the cost of goods sold are determined at the end of an accounting period.

Merchandise Inventory

Goods or products that a company holds with the intention of selling them to customers for a profit.