All of the Following Are Major Sources of Problems for the Market

question 10

Multiple Choice

All of the following are major sources of problems for the market researcher wishing to use secondary data obtained either about or from foreign markets EXCEPT:

• A) government control of data for taxing purposes.
• B) accuracy of data.
• C) age of data.
• D) reliability of data over time.
• E) comparability of data.

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Definitions:

GAAP

Generally Accepted Accounting Principles; the common set of accounting standards and procedures used in the U.S.

Accrual Basis

The accrual basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Cash Basis

An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid.

Debit Portion

The side of an accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.