Sally Wants to Know What Percentage of Canadian University Students

question 59

Multiple Choice

Sally wants to know what percentage of Canadian university students are receiving financial aid their first year in university.Sally attends a small university with a large percentage of students who commute to campus every day.Sally stands outside of the residence dining hall one weekday evening and hands out surveys to every third person entering the hall for dinner.Sally's data will be invalid because ___________.

• A)she did not use a representative sample.
• B)she did not define her population.
• C)she did not use random sampling.
• D)she did not pilot test her survey.

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Definitions:

Allowance Method

An accounting technique used to account for bad debts, where estimated uncollectible accounts are matched against revenues in the same accounting period.

Lower of Cost

An accounting principle that values inventory at the lesser of its historical cost or the current market price to prevent overstating the value of assets.

Allowance Method

An accounting method that estimates and records bad debts expense by anticipating which accounts receivable will be uncollectible.

Direct Method

A way of presenting cash flows from operating activities by listing major classes of gross cash receipts and payments.