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After the results of a large research study on police procedures were publicized, the researchers were interested in determining whether the study had affected police policy. The researcher telephoned a large number of big-city police departments and asked a number of questions about department policies and procedures. This is an example of which data-gathering strategy?
Payback Period
An alternative metric to calculate the duration required for an investment to recoup its initial costs, measuring the risk and efficiency of the investment.
Initial Cost
The initial expenditure required to acquire an asset or to start a project, including purchase price and any associated set-up fees.
Investment
Allocation of resources, usually money, in order to generate income or profit.
Cash Flows
The total amount of money being transferred into and out of a business, especially regarding liquidity.
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