If the Key Variables Have Not Been Defined or Are

question 114

Multiple Choice

If the key variables have not been defined or are defined in a manner inconsistent with the researcher's definition, then the usefulness of the data is limited.This statement refers to the ________ criteria for evaluating secondary data.

• A)nature
• B)objective
• C)error/accuracy
• D)currency
• E)relevance

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Definitions:

Owner's Capital

The amount of money and other assets invested in a business by its owner or owners.

Owner's Drawings

The withdrawal of business assets by the owner for personal use.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the new accounting period.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired, representing the wear and tear over time.