Which of the Following Is True Regarding Nonsampling Errors

question 28

Multiple Choice

Which of the following is true regarding nonsampling errors?

• A) The extent of nonsampling error may be determined and predicted through nonsampling error formulas.
• B) All of the causes of nonsampling error are known in each individual research project.
• C) It is important to know the possible causes of nonsampling error so that appropriate steps may be taken to limit their occurrence.
• D) Nonsampling errors may be reduced to 10 percent through "validation."
• E) There is no such thing as nonsampling error.

---

Definitions:

Evaluate Company

Evaluating a company involves analyzing its financial statements, operations, market position, and future prospects to determine its value and health.

Business Entity

An organization that exists as a separate and distinct legal unit, capable of conducting business, entering into agreements, and owning property.

Operating Cycle

The average time period it takes for a business to convert its inventory into cash through sales.

Business Entity

An organization that engages in economic activities, recognized as a separate legal entity from its owners.