Facts Observed, Recorded, and Stored by an Entity Outside of the Researcher's

question 11

Multiple Choice

Facts observed, recorded, and stored by an entity outside of the researcher's organization are called _____.

• A) proprietary data
• B) external data
• C) internal data
• D) primary data

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Definitions:

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings, to enhance future earnings.

Repairs and Maintenance

Expenditures made to restore or maintain the functionality and efficiency of an asset without extending its useful life significantly.

Net Income

The amount of money a company has earned during a specific period, after all deductions are made.

Ordinary Repairs

Expenses for routine maintenance and repairs that maintain the efficient operation of an asset but do not materially extend its life or increase its value.