A Company Conducted a Survey of Its Employees to Determine

question 18

Multiple Choice

A company conducted a survey of its employees to determine their level of satisfaction with various company policies. The data collected from this survey are

• A) primary data.
• B) secondary data.
• C) transactional data.
• D) census data.
• E) quantitative data.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the capital owned by the owners or shareholders.

Assets

Resources owned by a business that have economic value and can be converted into cash.

Liabilities

Financial obligations or debts owed by a company to third parties, which must be settled over time through the transfer of assets, provision of services, or other means.

Supplies Expense

Costs associated with consumable items used in the operation of a business, such as office supplies, which are expensed as used.