Which of the Following Is NOT a Step in Data

question 9

Multiple Choice

Which of the following is NOT a step in data collection?

• A) the collection of data
• B) the designation of a coding strategy
• C) the construction of a data collection form
• D) the selection of a sample

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Definitions:

Accounting Purposes

The reason or rationale for recording financial transactions and maintaining financial records, mostly to provide insight into a business’s financial health, comply with legal obligations, and inform decision-making.

Proprietorship

A business entity owned and operated by a single individual, with no legal distinction between the owner and the business.

Corporation

A legal entity that is separate from its owners, with the ability to own assets, incur liabilities, and sell stocks.

Issuing Stock

The process by which a company distributes its shares to investors, thereby raising capital in exchange for ownership interests in the company.