________ Is a Type of Non-Sampling Error That Occurs When

question 57

Multiple Choice

________ is a type of non-sampling error that occurs when some of the respondents included in the sample do not respond.This error may be defined as the variation between the true mean value of the variable in the original sample and the true mean value in the net sample.

• A)Random sampling error
• B)Non-response error
• C)Non-sampling error
• D)Response error

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Definitions:

Installment Note

A loan that requires regular payments, or installments, which cover both principal and interest over a set period of time.

Journal Entries

Records of financial transactions in the accounting system, ensuring each transaction is accurately logged.

Interest

The charge for borrowing money or the income earned on deposited funds.

Payments

Monies that are paid out or are to be paid out by one party to another as compensation for goods or services, or as repayment of an obligation.