Which of These Statements About Variables Is True

question 121

Multiple Choice

Which of these statements about variables is true?

• A) A variable must always be very concrete and straightforward.
• B) A variable must always be as abstract as possible.
• C) Research is often designed to discover how variables influence each other.
• D) Only two variables may be included in any particular study.

---

Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained rather than distributed to shareholders as dividends, typically used for reinvestment.

Accounts Closed

This term refers to the process of clearing the balance of temporary accounts at the end of the accounting period and transferring the balances to permanent accounts.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in order to verify that total debits equal total credits.

Financial Statements

Formal records of an entity's financial activities and conditions, including the balance sheet, income statement, and cash flow statement.