Suppose That a Researcher Implements a Study in Which It

question 56

Multiple Choice

Suppose that a researcher implements a study in which it was planned that simple random sampling from a sampling frame would be used, but a systematic sample from the sampling frame is used instead. What has occurred?

• A) A random error
• B) A systematic error
• C) A sampling frame error
• D) A non-systematic error

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Definitions:

Continuing Operations

The segments or activities of a business expected to continue for the foreseeable future, excluding any discontinued operations.

Revenue Recognition

The accounting principle that determines the specific conditions under which revenue is recognized or accounted for.

Conservatism

An accounting principle that dictates to recognize expenses and liabilities as soon as possible, but revenues and assets only when they are assured of being received.

Gross Profit Method

A technique used to estimate the amount of inventory a business has by applying the gross margin ratio to the cost of goods sold.