Data That Are Not Available Because a Respondent Did Not

question 20

Multiple Choice

Data that are not available because a respondent did not answer a question is called ___________.

• A) Missing data
• B) Response bias
• C) Horizontal answers
• D) Vertical answers

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Definitions:

Accounts Payable Period

The average amount of time it takes for a business to pay off its suppliers and creditors.

Cost Of Goods Sold

The direct financial outlays for creating goods sold by a company, covering materials and labor.

Cash Cycle

The time it takes for a company to convert its investments in inventory back into cash, encompassing the entire sales and payments process.

Factoring Receivables

The financial transaction where a business sells its accounts receivable (invoices) to a third party (factor) at a discount to obtain immediate cash.