Cross-Sectional Data Are Usually Data Gathered from Approximately the Same

question 36

True/False

Cross-sectional data are usually data gathered from approximately the same period of time from a cross-sectional of a population.

---

Definitions:

Detrimental Reliance

A legal concept where a party suffers a loss because they relied on a promise or representation that was later breached or not fulfilled.

Creditor

A creditor is an entity (person or institution) that lends money or extends credit to another entity, expecting to be repaid in the future.

Sole Proprietor

An individual who owns and operates a business alone, bearing full responsibility for its debts and obligations.

Profitable

Describes a situation, project, or enterprise that results in financial gain or benefit.