A Key Limitation of the Experimental Method Is That It

question 80

Multiple Choice

A key limitation of the experimental method is that it

• A)cannot be used to identify cause-and-effect.
• B)is very expensive.
• C)cannot be used to assess many interesting questions due to ethical reasons.
• D)does an excellent job of explaining real-world experience,but does not do a good job of explaining what happens in the laboratory.

---

Definitions:

Faithful Representation

A qualitative characteristic of financial information that ensures the reported data accurately reflects the economic phenomena it purports to represent.

Relevance

The quality of information that is capable of making a difference in the decisions made by the users of financial information.

Verification Costs

Expenses associated with ensuring that a product, service, or system meets specific standards or requirements.

Dissemination Costs

Expenses associated with the distribution or sharing of information to the public or specific target audiences.