Observational Data Refer to

question 26

Multiple Choice

Observational data refer to

• A)facts and figures newly collected for the project at hand.
• B)facts and figures obtained by asking people questions either through personal interviews,panel discussions,or questionnaires.
• C)facts and figures obtained by watching,either mechanically or in person,how people actually behave.
• 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:

Lease Classification

The categorization of lease agreements as either finance leases or operating leases, determined by specific criteria that affect the accounting treatment.

Lease Accounting

The accounting process that involves recording and managing leases, categorizing them as either operating or finance (capital) leases, and recognition of related expenses and liabilities.

Companies

Legal entities formed by individuals, shareholders, or stakeholders with the purpose of operating for profit, engaging in commercial, industrial, or professional activities.