A Marketing Research Firm Selects a Random Sample of Adults

question 32

Multiple Choice

A marketing research firm selects a random sample of adults and asks them a list of questions regarding their beverage preferences. What type of data collection is involved here?

• A)An experiment.
• B)A survey.
• C)Direct observation.
• D)None of these choices.

---

Definitions:

Rental Properties

Real estate properties rented out to tenants, generating income for the owner which must be reported for tax purposes.

Schedule E

Schedule E is a tax form used by landlords, S corporation shareholders, and partners in partnerships to report their share of income, losses, and deductions.

Capital Improvements

Expenditures creating a benefit to a property over its existing state, often enhancing its value or extending its life.

Schedule K-1

A tax document used to report the income, deductions, and credits of a partnership or S corporation to its partners or shareholders.