Determine Whether the Study Involves Selection Bias, Participation Bias, Both

question 223

Multiple Choice

Determine whether the study involves selection bias, participation bias, both selection bias and participation bias, orneither.
-You are interested in the percentage of people in your city who favor tax cuts. You interview every twentieth person as they leave the church in your neighborhood.

• A)Participation bias
• B)Selection bias
• C)No bias
• D)Participation bias and selection bias

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Definitions:

Revenue Recognition

The accounting principle that dictates the process and timing of recognizing revenue in the financial statements, typically when it is earned and realizable.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in a particular jurisdiction, notably the United States.

Cookie Jar Reserves

Accounting practices where companies set aside reserves during good financial periods to smooth out earnings in future, less favorable periods.

Estimated Obligations

The predicted liabilities or commitments a company expects to incur in the future, often found in financial planning and budgetary processes.