A Sample in a Survey Should Accurately Reflect the Important

question 35

Multiple Choice

A sample in a survey should accurately reflect the important characteristics of the population from which it is drawn. For example, if a certain population has 53% women and the sample has 53% women, then the sample is said to be a:

• A) random assignment.
• B) characteristic sample.
• C) representative sample.
• D) random sample.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Accounts Receivable

Outstanding payments from customers for goods or services rendered by a company which have not been settled yet.

Direct Method

A way of preparing the cash flow statement where actual cash inflows and outflows from operating activities are reported, as opposed to the indirect method.

Operating Expenses

The costs associated with the normal operations of a business, such as rent, utilities, and payroll, excluding cost of goods sold.