Which of the Following Is Generally Recognized as an Ethical

question 64

Multiple Choice

Which of the following is generally recognized as an ethical procedure for subject/participant selection?

• A) assimilation
• B) correlation
• C) randomization
• D) deception

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Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to update the balances of accounts.

Closing Entries

These are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Inventory

The complete quantity of products and materials a company possesses for the purposes of sale or utilization in manufacturing processes.

Perpetual Inventory System

An inventory management method where stock levels are updated in real-time with every sale or purchase.