Which of the Following Is a Disadvantage of Using Existing

question 36

Multiple Choice

Which of the following is a disadvantage of using existing sources of data for research?

• A) Researchers often seek answers to questions the data doesn't directly address.
• B) Researchers have to spend a great deal of time and money to get the data.
• C) Researchers do not always understand how the data was interpreted or what it meant in its original context.
• D) Researchers do not have access to existing sources.
• E) Existing sources of date are never relevant to the contemporary world because they emerged from a different time and place.

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Definitions:

Balance Sheet

A statement that outlines an enterprise's assets, liabilities, and the equity held by shareholders, pinpointed to a specific time frame.

Equity Changes

Refers to the alterations in the owners' equity over a specific period due to net income, dividend payments, and capital injections.

Compound Entry

An accounting entry that involves multiple debits and/or credits in a single journal entry, typically used when a transaction affects more than two accounts.

Income Statement

A financial statement that provides a summary of a company's revenues, expenses, and profits or losses over a specific period of time.