An Advantage of Using Past Research as a Source of Ideas

question 45

Multiple Choice

An advantage of using past research as a source of ideas for research is that:

• A)new ideas are often generated from old ones.
• B)new ideas are easily proved through experiments when compared to other sources of ideas.
• C)new ideas do not require formulation of hypotheses to be supported.
• D)new ideas are readily accepted without empirical evidence.

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Definitions:

Total Expenses

Total expenses encompass all costs and expenditures that a business incurs during a specific period, including cost of goods sold, operating expenses, and taxes.

Activity Variance

The difference between budgeted and actual activity levels, impacting costs and operational efficiency.

Budgeting

Drafting a blueprint for budgeting your resources, specifying a company's fiscal and operational targets.

Planning Budget

A budget prepared for a particular level of activity that estimates revenues, expenses, and resources over a period.