In a Study of the U

question 92

Multiple Choice

In a study of the U.S.workforce population,a research company interviews 5,000 persons on a street corner in New York.If they decide to increase the sample size to 10,000,they would:

• A)increase the sample size and the representativeness of the sample.
• B)increase both sample accuracy and representativeness of the sample.
• C)increase only the representativeness.
• D)decrease the sample accuracy.
• E)increase the sample size,but the sample would still not be representative of the population.

---

Definitions:

Cash

Money in the form of currency that is used to conduct transactions.

Reversing Entries

Journal entries that are recorded on the first day of the next period that are the exact opposite of the related adjusting entry from the last day of the prior period.

Adjusting Entries

Accounting records entries documented at the conclusion of an accounting cycle to distribute revenues and expenses to the period they genuinely took place.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts and prepare the company's books for the next period.