What Is an Advantage of Descriptive Studies

question 7

Multiple Choice

What is an advantage of descriptive studies?

• A) Generating a great deal of data
• B) Determining cause and effect
• C) Discovering cause and effect in real-life settings
• D) Determining stability of behaviors

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Definitions:

FIFO Method

An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for "First In, First Out."

Periodic Inventory System

A system where inventory levels and the cost of goods sold are determined at the end of the accounting period through physical inventory counts.

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under previous transactions.

Freight Charges

Fees associated with the transport of goods from one place to another, paid by the sender or receiver.