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Scenario 5

question 144

Multiple Choice

Scenario 5.2 Use the following to answer the question.
Colin Jackson recently purchased Blue Waters Adventures, a kayak and canoeing rental business near the Chatsworth River in Arizona. Blue Waters Adventures had been in operation for five years and was located in an ideal area. Even though the winters in the area can be cold, kayaking and canoeing activities are generally popular year-round. After two months of operation, it became clear why the previous owners had sold the business. While the business appeared to be ideally located, sales were extremely disappointing.
Refer to Scenario 5.2. Before administering the questionnaire, Colin discovered through talking to other sports rental businesses that, although retired males made up a small percentage of the area's population, they often rented kayaks and canoes. In light of this, Colin decided to include a minimum of 25 percent retired males in his sample. The final choice of respondents was left up to the interviewers. This sampling method is known as ____ sampling.

Definitions:

AASB 136 Impairment of Assets

A standard issued by the Australian Accounting Standards Board detailing the procedures for ensuring that assets are carried at no more than their recoverable amount, and how to record any impairment losses.

Impairment Losses

Financial losses recognized when the carrying amount of an asset exceeds its recoverable amount.

Operating Segments

Sections of a business that engage in activities from which earnings can be directly attributable, often requiring separate financial reporting due to distinct economic environments or regulatory requirements.

Geographical Segments

This refers to divisions within a company based on geographical areas, useful for assessing performance and making decisions in different regions.