Cross-Sectional Data Observed at Several Points in Time Is Known

question 31

Multiple Choice

Cross-sectional data observed at several points in time is known as:

• A)time series data.
• B)panel data.
• C)experimental data.
• D)none of the above.

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Definitions:

Operating Income

The profit realized from a business's normal operational activities, calculated before tax by subtracting operating expenses from gross profit.

Gross Profit

The financial performance metric that subtracts the cost of goods sold (COGS) from revenue, indicating how efficiently a company produces or sources its products.

Gross Margin

The difference between sales revenue and cost of goods sold, shown as a value or percentage, indicating the efficiency of sales relative to production costs.

Gross Sales

Gross sales represent the total sales revenue of a company without any deductions for returns, allowances, or discounts.