Why Is the Use of Existing Data, Especially in Comparative

question 116

Multiple Choice

Why is the use of existing data, especially in comparative and historical research, especially helpful to students?

• A) It allows them to explore new topics.
• B) It requires fewer resources than collecting original data.
• C) It eliminates problems with sampling bias.
• D) It lets them improve their interview and participant observation skills.
• E) It is usually more valid than collecting new data.

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Definitions:

Supplies Costs

Supplies costs are expenses related to the consumable items used in the operation of a business, not directly part of the finished product.

Spending Variance

involves the comparison of actual spending to what was budgeted, highlighting differences that management needs to address.

Static Planning Budget

A budget based on a fixed level of activity, created at the start of a budgeting period, which does not change with actual levels of activity.

Flexible Budget

A budget engineered to tweak itself in alignment with volume or activity level shifts.