Observational Data Have the Advantage Over Communication Data in Which

question 17

Multiple Choice

Observational data have the advantage over communication data in which of the following categories?

• A)Objectivity,cost,and speed
• B)Cost and versatility
• C)Objectivity and speed
• D)Speed and versatility
• E)Objectivity and accuracy

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Definitions:

Cost Of Goods Available

The total cost of all merchandise or materials available for sale or use, including beginning inventory plus purchases.

Purchase Returns

Goods returned by the buyer to the supplier due to defects, inaccuracies in shipment, or other discrepancies.

Allowances

A deduction from the gross amount on an invoice by the buyer for goods purchased or to cover some type of shortcoming.

Purchase Discounts

Reductions in the price of goods or services allowed by the seller for early payment by the buyer.