When Each Element in a Population Has a Chance to Appear

question 36

Multiple Choice

When each element in a population has a chance to appear in a sample and the researcher can determine what that chance is, we have a:

• A)purposive sample.
• B)representative sample.
• C)quota sample.
• D)probability sample.

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Definitions:

Fair Value

The estimated market price of an asset or liability, based on current market conditions and comparable transactions.

Increasing-Balance

A method of calculating depreciation that applies a constant rate to the asset's net book value each year, resulting in increased depreciation charges over time.

Units-Of-Production

A depreciation method that allocates cost based on the units produced or the machine hours used during the period.

Straight-Line

A method of allocating the cost of a tangible asset over its useful life in equal yearly amounts.