For Each of the Following, Indicate Whether the Data Are

question 7

Essay

For each of the following, indicate whether the data are cross-sectional or time series:
• Weekly receipts at a clothing boutique
• Monthly demand for an automotive part
• Percentage of adults who bank online

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Definitions:

Liable

Legally responsible or obligated to face consequences, typically in the form of compensations or reparations.

Profits

Financial gains obtained after subtracting the costs, expenses, and taxes from a business's total revenue.

Employment Law

A branch of law that governs the rights and duties between employers and workers, covering areas such as wages, workplace safety, discrimination, and termination.

Legal Issues

Matters or disputes that are interpreted and resolved according to the law.