Which of the Following Statements Concerning Personal Observation Is Most

question 100

Multiple Choice

Which of the following statements concerning personal observation is most accurate?

• A) Personal observation is more accurate than ethnopsychic research because the observer/analyst is able to pick up subtleties in the respondent's body language, speech patterns, and facial movements that are often missed by other data collection methods.
• B) Personal observation is especially suited for small businesses that need the research data but cannot afford more expensive data collection methods.
• C) Personal observation is very effective since it can reveal not only what people do, it can effectively determine why they do it.
• D) Personal observation is both useful and flexible, but has reliability issues when different observers watching the same event report different results.
• E) With personal observation, different observers will reliably report the same conclusions when watching the same event, such as people brushing their teeth.

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Definitions:

Fixed Price

A pricing strategy where the cost of a good or service is not subject to change based on varying conditions such as market demand or costs of production.

Purchase Obligation

A commitment to buy goods or services under specified conditions, often including future dates and quantities.

Adjusting Journal Entries

Entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Contingent Loss

A potential financial loss that may occur in the future depending on the outcome of a specific event, often recognized in financial statements once the loss is deemed probable and the amount can be reasonably estimated.