A Systematic Error Is Best Defined As

question 2

Multiple Choice

A systematic error is best defined as:

• A) An error that is due to data miscalculation, and thus repeats systematically throughout the findings
• B) A consistent or predictable error, occurring when an assessment misestimates the true score by a consistent amount and in the same direction
• C) An error due to the irregular circumstances when administering an assessment
• D) An error that occurs by chance and is thus unpredictable

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Definitions:

Open-Book Accounting

A management approach where detailed financial information is shared with employees to help them understand the financial performance and make better decisions.

Cash Flow

The total amount of money being transferred in and out of a business, representing its financial health.

Receipts

Documents that acknowledge the receiving of goods, services, or payments, serving as proof of transaction or payment.

Disbursements

Payments made by a business or organization, typically involving the payment of cash expenditures, payroll, or other financial outflows.