It Is Clear That a Large Survey Is an Appropriate

question 3

Multiple Choice

It is clear that a large survey is an appropriate method for a study of marriage patterns among college students. What will the researcher need to do to insure that the research sample is random?

• A) Ask as many people as possible.
• B) Ask more than one group of people; try to get all the groups in.
• C) Set up the experiment to include a control sample to test the research sample.
• D) Distribute the surveys in a non-biased manner.
• E) Make sure that everyone eligible to participate has an equal chance of being selected.

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Definitions:

Income Summary

An account in which revenues and expenses are summarized, showing the net income or loss for a specific period before closing entries are made.

Net Income

Net income is the total revenue minus total expenses of a business, showing the company's profit during a specific period.

Correcting Entries

Journal entries made to amend previously recorded transactions that were incorrect or incomplete.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from these sales.