A Cross-Sectional Study Cannot Establish Causality Because

question 58

Multiple Choice

A cross-sectional study cannot establish causality because

• A)science can establish correlation,but not causation.
• B)cross-sectional studies measure people at just one point in time.
• C)social life has so many variables influencing events.
• D)it draws only two samples drawn at two points in time.

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Definitions:

Cost of Inventory

The total cost incurred to acquire stock items that are intended for resale, including purchase price, freight, and handling fees.

Physical Inventory

An actual count of all the goods on hand at the end of an accounting period.

Single-Step Income Statement

A simplified financial statement format that calculates net income by subtracting total expenses from total revenues in one step.

Statement of Stockholders' Equity

A financial document that shows changes in the equity section of a company's balance sheet, including stock transactions and retained earnings.