A Descriptive Study

question 77

Multiple Choice

A descriptive study

• A)should be begun with the vague idea that the data collected should be interesting.
• B)presupposes little prior knowledge about the phenomenon of interest.
• C)is simply a fact-gathering study.
• D)requires a clear specification of the research problem.
• E)is characterized by its flexibility.

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Definitions:

RRSP

Registered Retirement Savings Plan, a savings and investment vehicle for Canadians to save for retirement in a tax-efficient way.

Compounded Rate

The rate at which interest is calculated on the initial principal and the accumulated interest of previous periods.

Compounded Monthly

The calculation of interest on both the initial principal and the accumulated interest from previous months.

Monthly Payments

Payments that are due every month, as in the case of a loan or lease.