Every March, Bill, Who Owns and Operates a Small Retail

question 31

Multiple Choice

Every March, Bill, who owns and operates a small retail shop, takes a large box of receipts and invoices to his accountant so the accountant can file Bill's taxes in April. Only then does Bill know if his business has been profitable. Bill could benefit from a(n) ________.

• A) concurrent control system
• B) balanced scorecard system
• C) inventory control system
• D) management information system

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Definitions:

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time, often many years.

Correlational Study

A research method that examines the extent to which two variables are related, without inferring a cause-and-effect relationship between them.

Random Assignment

A method used in experiments to place participants into different groups in a way that each participant has an equal chance of being in any group, minimizing biases.

Participants

Individuals who take part in a study or experiment and whose behavior or responses are observed or measured.