Which Type of Data, Cross-Sectional Versus Time Series, Is More

question 86

Multiple Choice

Which type of data, cross-sectional versus time series, is more important to research?

• A) Neither type of data is important.
• B) Cross-sectional data is more important than time series data.
• C) Time series data is more important than cross-sectional data.
• D) Time series data and cross-sectional data are equally as valuable in different types of research.

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Definitions:

Supplies Used

Items consumed during the normal course of business operations, recognized as an expense as they are used.

Work Sheet

An internal document used by accountants to prepare financial statements, gather and adjust entries.

Balance Sheet Columns

Sections in a balance sheet presenting assets, liabilities, and shareholders' equity at a specific point in time.

Work Sheet

An informal document used by accountants to organize and consolidate financial information for the preparation of financial statements.