Since observations are unbiased, they are preferable to other requirements determination techniques
Indicate whether the statement is true or false
FALSE
Explanation: Although observations are a data collection technique, they are still not considered unbiased, and rely on some elements of subjectivity.
CL
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The Federal Truth-in-Lending Act (TILA) defines the annual percentage rate (APR) as:
a. the total of only the direct costs of credit paid by a borrower. b. the total of all costs which the borrower needs to pay in order to get the loan. c. the relative cost of credit expressed in percentage terms. d. the difference between the 10-year Treasury Note and the 3-month Treasury Bill.
An accredited investor is defined as a person who does not understand the risks involved in securities investment and will suffer considerable financial damage if the investment fails
Indicate whether the statement is true or false