With the Adoption of GASB Statement #35 in 1999, Public

question 30

Multiple Choice

With the adoption of GASB statement #35 in 1999, public colleges and universities are required to report their activities in a manner more like a(n) :

• A)​general fund
• B)​special revenue fund
• C)​enterprise fund
• D)​fiduciary fund

Know the differences between directional and nondirectional hypotheses and tests.

Understand the process of hypothesis testing including the role of the null hypothesis.

Comprehend the significance of sampling error in research.

Recognize the importance of sample representativeness for generalizability.

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Definitions:

Type II Error

A statistical error that occurs when one fails to reject a false null hypothesis, also known as a false negative.

Difference-In-Difference

An estimator that identifies the causal effect of a treatment, like a special promotion, by comparing the periods before and after the treatment between an experimental group and a control group. The second difference is designed to remove selection bias.

Price Change

A fluctuation in the market value of goods or services.

Lost Profits

The amount of money a business fails to earn due to disruptions, such as contractual breaches, acts of negligence, or other causes.