(Scenario II) the Study Described in Scenario II Uses Undergraduate

question 140

Multiple Choice

(Scenario II) The study described in Scenario II uses undergraduate volunteers from a university participant pool. Which of the following is NOT true of participant pools?

• A) They are usually more representative of students in general.
• B) They typically receive course credit for participating in psychology research.
• C) The volunteer bias is completely removed.
• D) All of the above.

---

Definitions:

Book Value

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation, amortization, or impairment costs.

Annual Costs

The total amount of expenditures associated with the ongoing operations of a business or project over the course of a year.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision; represents the benefits that could have been received by choosing the alternative.

Revenue Forgone

Potential income not earned or lost by choosing an alternative action, representing the opportunity cost of decisions.