You Read the Results of a Survey That Reports That

question 72

Multiple Choice

You read the results of a survey that reports that two-thirds of Cosmopolitan readers lost weight by "going vegan." You should not give the report of this survey much credence because

• A) Cosmopolitan readers are disinterested in participating in surveys.
• B) readers were not properly assigned to control and experimental conditions.
• C) readers who responded to the survey are not likely the same as those who did not.
• D) Cosmopolitan readers are overly eager to participate in surveys.

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Definitions:

Allowance Method

An accounting technique used to estimate and account for doubtful accounts, where some receivables will not be collected.

Uncollectible Accounts

Financial accounts receivable that are deemed unlikely to be collected, leading to their categorization as bad debts.

Year-end Adjustment

Adjustments made to the books of accounts at the end of a fiscal year to reflect accurate financial information.

Uncollectible Account

Accounts receivable that cannot be collected from customers, often considered as bad debt.