________ Pertains to All Sources of Error Other Than the Sample

question 92

Multiple Choice

________ pertains to all sources of error other than the sample selection method and sample size,including problem specification mistakes,question bias,data recording errors,or incorrect analysis.

• A)Nonsampling error
• B)Sample bias
• C)Survey bias
• D)Sampling error

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Definitions:

Novation

The act of replacing an existing contract with a new one, wherein all parties agree to make the switch.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to secure immediate capital.

Assignment

Assignment refers to the transfer of rights or property from one party to another, commonly seen in contracts and legal agreements.

Novation

The act of replacing one obligation with another by mutual agreement, effectively creating a new contract.