Human-Generated Unstructured Data Includes Text Messages, Social Media Data, and Emails

question 49

True/False

Human-generated unstructured data includes text messages, social media data, and emails.

Grasp the purpose and process of adjusting entries in recording internal transactions and events.

Distinguish between the accrual basis and cash basis of accounting.

Comprehend the time period assumption and its relevance to financial reporting.

Understand the matching principle and its application in preparing financial statements.

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Definitions:

Collected

Gathered or amassed from different sources, often referring to data, samples, or other information.

Cross-sectional

A type of observational study that analyzes and compares data from a population, or a representative subset, at one specific point in time.

Time Series

A series of data points gathered or documented at consecutive time periods.

Nominal

Nominal refers to data that is categorized without a natural order or rank, simply identifying different types based on names or labels.