_____ Refers to the Probability That an Observed Relationship Was

question 20

Multiple Choice

_____ refers to the probability that an observed relationship was due to chance whereas _____ refers to the strength of an observed relationship.

• A) internal validity; external validity
• B) external validity; internal validity
• C) the effect size; statistical significance
• D) statistical significance; the effect size

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Definitions:

Going Concern Assumption

The accounting principle that assumes a company will continue to operate in the foreseeable future, and not liquidate its assets.

Accounting Information

Data related to financial transactions and status of a business, used for analysis, planning, and decision-making purposes.

Business Entities

Legal structures through which business is conducted, including sole proprietorships, partnerships, corporations, and LLCs.

Net Income

The profit a company has left over after all expenses, taxes, and costs have been subtracted from total revenue.