Which of the Following Statements About Cross-Sectional Analysis Is FALSE

question 11

Multiple Choice

Which of the following statements about cross-sectional analysis is FALSE?

• A) Cross-sectional designs are the best-known descriptive designs.
• B) A quota sample can be used with a cross-sectional design.
• C) Cross-sectional studies provide a snapshot of the variables of interest at a single point in time.
• D) The sample of elements is typically selected to be representative of some known population.
• E) All of the above statements about cross-sectional analysis are true.

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Definitions:

Certificates of Deposit

Time-bound deposit offered by banks that pays interest to the depositor, with withdrawal of funds before maturity generally incurring penalties.

Internal Control

A process designed to ensure the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Petty Cash Vouchers

Documents used to manage and record small, usually incidental, expenses paid out in cash from a designated petty cash fund.

Nontrade Receivables

Nontrade receivables are amounts owed to a company that are not related to the sale of goods or services, such as loans and advances given.