Use Critical Thinking to Address the Key Issue

question 11

Short Answer

Use critical thinking to address the key issue.
-"7 out of 10 dentists recommend Brand X toothpaste". This finding is based on the results of a survey of 10 randomly selected dentists. What is wrong with this survey?

---

Definitions:

Petty Cash Fund

Petty cash fund is a small amount of cash kept on hand for making immediate payments for minor and incidental expenses.

Perpetual Inventory System

An inventory management system where inventory levels are updated in real-time or on a continuous basis following each purchase or sale transaction.

General Journal

A primary accounting record used to record all types of transactions and events in chronological order before they are posted to specific accounts.

Internal Control

Approaches and techniques employed by a business to protect the veracity of accounting and financial information, foster answerability, and inhibit dishonesty.