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Which of the following research approaches is based on the concept of utility or usefulness?
Expenses
Outflows of money or other valuable assets, incurred as a result of operating activities or in the pursuit of generating revenues.
Debts Incurred
Obligations or liabilities taken on during the course of financial transactions, often as a result of borrowing money or purchasing goods and services.
Owner's Equity
The residual interest in the assets of the business after deducting liabilities, representing the ownership's financial stake.
Management Efficiency
The effectiveness with which managers utilize resources and make decisions to achieve organizational goals with minimal waste or effort.
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