A Survey About Pet Ownership Used a Sample Derived from People

question 25

Multiple Choice

A survey about pet ownership used a sample derived from people who visit a Web site and register.This sample would lack because not everyone has Internet access.

• A)flexibility
• B)representativeness
• C)validity
• D)responsiveness
• E)reliability

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Definitions:

Vacation Pay

Compensation for employees for time not worked due to vacation, accounted for by employers as a liability until used.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Average Repair Cost

The mean cost incurred for repairing an asset over a certain period, calculated by dividing the total repair costs by the number of repairs.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employees and employers.