Observational Data Refers to

question 14

Multiple Choice

Observational data refers to

• A)facts and figures newly collected for the project at hand.
• B)facts and figures obtained by watching people either mechanically or in person, how people actually behave.
• C)facts and figures obtained by asking people questions either through personal interviews, panel discussions, or questionnaires.
• D)facts and figures that have already been recorded from multiple sources prior to the project.
• E)conclusions developed from information obtained from a representative sample of a population.

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Definitions:

December

The twelfth and final month of the year in the Gregorian calendar, often associated with end-of-year activities and holidays.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business or used to pay off debt.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, highlighting the impact of fixed costs.