A Restaurant Company Is Interested in Examining the Effect of Increasing

question 48

Multiple Choice

A restaurant company is interested in examining the effect of increasing the price of hamburgers on their sales.During the first six months of the year,they measure the number of hamburgers sold each day.They then increase the price and record the number of hamburgers sold each day for the last six months of the year.This quasi-experimental design would be an example of a(n)

• A) non-equivalent control group pretest-posttest design.
• B) interrupted time series design.
• C) control series design.
• D) reversal design.

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Definitions:

Liability Reported

The representation of an entity's obligations or debts on its financial statements, indicating amounts owed to creditors.

Income Statement

A document detailing a firm's income, outlays, and profit over a given timeframe.

Balance Sheet

A financial statement that outlines an entity's assets, liabilities, and equity at a specific point in time.

Unearned Revenue

Money received by an entity for services not yet performed or goods not yet delivered.