The Editors of Scientific American Are Able to Obtain a Representative

question 112

Multiple Choice

The editors of Scientific American are able to obtain a representative sample of their readers in order to assess their attitudes toward preservation of the rain forests in Costa Rica. When interpreting the results of their survey, the editors will be able to __________

• A) apply the results to the entire U.S. population.
• B) apply the results to Costa Rica.
• C) apply the results to subscribers of Scientific American.
• D) apply the result to scientists.

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Definitions:

Absorption Costing

Absorption costing is an accounting method that includes all the direct costs and overheads associated with producing a particular product in its cost base.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

An entity's earnings after all expenses, including taxes and operating costs, have been deducted from revenues.

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock.