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Julio borrowed money from a close friend to obtain a liquor license for his pub, and gave him a written promise to repay the amount within six months. Julio should list this business debt as an operating expense on his pub's balance sheet.
One-Factor Design
A type of experimental design where only one independent variable is manipulated to observe its effect on a dependent variable.
Independent Variable
The factor or condition that researchers manipulate in an experiment to explore its impact on a dependent variable.
Dependent Variable
In research and experiments, it is the outcome factor that is measured to see if it changes as a result of the manipulation of the independent variable.
Experimental Research
A systematic and scientific approach to research in which the researcher manipulates one or more variables to determine their effect on a certain outcome.
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