A Process That Produces One Outcome from a Set of Possible

question 57

Multiple Choice

A process that produces one outcome from a set of possible outcomes,produces an unpredictable outcome,and guarantees that each of the possible outcomes equally likely is said to be ____.

• A)​random
• B)​stratified
• C)non-probabilistic
• D)​biased

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Definitions:

Withdrawals

Money or assets taken from a business by its owner(s) for personal use, typically reducing the total equity.

Cash

Liquid currency and assets readily convertible to currency, used by businesses to conduct transactions.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the owners' claim on the business assets.

Withdrawals

Funds taken out from a business by its owner(s) for personal use, which reduce the capital accounts in the company’s equity section.