During Data Collection It Is Important To

question 39

Multiple Choice

During data collection it is important to:

• A)narrow the focus so that time is not wasted conducting a broad search.
• B)organize an inventory of the information.
• C)carefully compile information from primary sources.
• D)a and b
• E)b and c

---

Definitions:

Variable Costs

Costs that vary directly with the level of output or production volume, such as raw materials and labor expenses.

Total Revenue

The total income generated by a company from its sales of goods or services before any costs or expenses are deducted.

Variable Costs

Costs that fluctuate in proportion to the level of output or activity in a business, such as raw materials and labor expenses.

Total Revenue

The total amount of money received by a firm from sales of its products or services, before any expenses are subtracted.