Syndicated Data Are Data That Are Collected in a Standard

question 44

True/False

Syndicated data are data that are collected in a standard format and made available to all subscribers. Such data are stored in a common database and the same data are made available to subscribers for a fee.

Apply the concept of a budget line to determine the possible consumption bundles given specific income and prices.

Understand different research designs in psychology and their applications.

Identify the ethical considerations in psychological research.

Describe the components and functions of single-subject and longitudinal research designs.

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Definitions:

Participant Results

Refers to the outcomes or findings derived from an activity involving one or more individuals.

Informed Consent

Informed consent is a process by which a person voluntarily confirms their willingness to participate in a particular procedure, after being informed of all the risks, benefits, and alternatives.

Monetary Incentives

Financial rewards given to motivate behaviors, performance, or actions towards achieving certain goals.

Ethical Principles

Core values and guidelines that inform and guide moral conduct, helping to distinguish right from wrong in human behavior.