Which of the Following Statements Is True of Data

question 25

Multiple Choice

Which of the following statements is true of data?

• A) Data help verify causal relationships.
• B) Data are not important for evaluating theories.
• C) Anecdotes are good substitutes for data.
• D) The fewer data that are available, the better the empirical analysis will be.

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Definitions:

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic survival needs to self-actualization.

Intellectual Pursuits

Activities that involve serious study or application of ideas, concepts, and theories, often for personal growth or academic achievement.

Choice Architecture

The design of environments in which choices are presented to consumers, influencing the decision-making process.