A Situation Where the Sequence of Elements Varies in Some

question 72

Multiple Choice

A situation where the sequence of elements varies in some regular, periodic pattern is known as ______.

• A) stratification
• B) periodicity
• C) replacement sampling
• D) cluster sampling

---

Definitions:

Withdrawals Account

A Withdrawals Account tracks the money or assets taken out of a business by its owner(s) for personal use, affecting the owner's equity balance.

Owner's Capital

The amount of equity belonging to the owner of a business, reflecting investments and accumulated earnings.

Income Summary

An accounting tool used to aggregate all income and expense accounts to determine net income or loss for a period.

Revenue

Income that a company receives from its normal business activities, usually from the sale of goods and services to customers.