Use the Information in Table 12 $$\text { Table } 12.2$$

question 28

Multiple Choice

Use the information in Table 12.2 to answer the following questions.
$$\text { Table } 12.2$$
$$\begin{array}{c}\begin{array} { l | cccccccc } \text { Amount of } & &&&&{ \text { Average Hours of TV Watched Per Week } } \\\text { Formal Education } & 0 - 5 & 6 - 10 & 11 - 15 & 16 - 20 & 21 - 25 & 26 - 30 & \text { Over 30 } & \text { TOTAL } \\\hline \text { 0-8 Years } & 0 \% & 0 & 5 & 10 & 15 & 20 & 50 & 100 \% \\\text { 9-11 Years } & 0 \% & 5 & 10 & 15 & 20 & 20 & 30 & 100 \% \\\text { 12, HS Grad } & 0 \% & 10 & 10 & 10 & 30 & 20 & 20 & 100 \% \\\text { 13-15 Years } & 10 \% & 10 & 10 & 20 & 25 & 15 & 10 & 100 \% \\\text { 16, BA Degree } & 20 \% & 20 & 15 & 15 & 15 & 10 & 5 & 100 \% \\\text { 17-18 Years } & 30 \% & 20 & 20 & 20 & 10 & 0 & 0 & 100 \% \\\text { 19 or More } & 50 \% & 30 & 10 & 10 & 0 & 0 & 0 & 100 \%\end{array}\end{array}$$
-In a data set with 100 columns of information, columns 18-23 contain data on respondent income. This set of columns is known as a

• A) case.
• B) data field.
• C) data record.
• D) record length.

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Definitions:

Expenses

Costs incurred in the process of earning revenue, encompassing a broad range of spending from operational to administrative.

Advertising Expense

Advertising Expense represents the costs incurred by a business to promote its products or services through various advertising mediums.

Closing Entries

Entries made in the accounting records at the end of an accounting period to prepare the accounts for the next period.

Journalized

The process of recording transactions in the journal, the first step in the accounting cycle.