Which of the Following Is True About Nonsampling Errors

question 29

Multiple Choice

Which of the following is true about nonsampling errors?

• A)It cannot be measured by a formula like sampling errors.
• B)It can be measured as accurately as sampling errors.
• C)It can be measured if the sample plan is available.
• D)It cannot be measured if the sample size is not available.
• E)It can be easily controlled like sampling errors.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed in cash.

Treasury Stock

Shares reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Appropriated Retained Earnings

Portion of retained earnings that a company reserves to be used for specific purposes or to meet future obligations.

Financial Statements

Financial statements are comprehensive reports created from a company's accounting records, presenting the financial performance and position at a specific point in time.