An Analyst Studies a Data Set of the Year-End Book

question 1

Multiple Choice

An analyst studies a data set of the year-end book value per share for all companies listed on the New York Stock Exchange. This data set is best described as

• A) time series data.
• B) cross-sectional data.
• C) neither time series nor cross-sectional data.
• D) a combination of time series and cross-sectional data.

---

Definitions:

Input

A resource or component used in the production process to produce goods and services.

Production Function

A production function is a mathematical model that describes the relationship between inputs used in production (like labor and capital) and the output produced.

Profit

The financial gain achieved when the revenues obtained from business activities exceed the expenses, costs, and taxes associated with maintaining the activity.

Commodity

A primary item used in trading that is replaceable with other items of the same type.