A Subpart of a Larger Population That Does Not Accurately

question 27

Multiple Choice

A subpart of a larger population that does not accurately reflect characteristics of the whole population is known as a

• A)skewed population.
• B)biased sample.
• C)subjective population.
• D)representative sample.

---

Definitions:

Quantitative Assessment

The evaluation or measurement of something based on quantity or numbers rather than subjective characteristics.

Reporting Unit

A segment or component of a company for which financial information is available and reviewed regularly by the segment's or the entire company's management.

Consolidated Balance Sheet

A consolidated balance sheet combines the financial statements of a parent company and its subsidiaries into a single document, showing the total assets, liabilities, and equity of the consolidated entity.

Fair Value

The estimated market price of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.