The Simplest Scientific Methods Are ____________ Studies

question 94

Multiple Choice

The simplest scientific methods are ____________ studies.

• A) formal
• B) informal
• C) descriptive
• D) blind

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines outlining how transactions and other accounting events should be reported in financial statements.

Internal Control Procedures

Methods and guidelines set up by an organization to guarantee the accuracy of fiscal and accounting data, encourage responsibility, and deter dishonest practices.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure consistency and accuracy of financial data.

Memoranda

Brief, informal written records used to aid memory or inform others within an organization.