The Most Simplistic,but Acceptable Way of Handling Missing Data Is

question 28

Multiple Choice

The most simplistic,but acceptable way of handling missing data is to

• A)exclude cases that are missing data.
• B)substitute responses based on an observable pattern.
• C)using an analysis technique to find potential responses
• D)make up the data to fill out missing cases.
• E)You can never handle missing data.

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Definitions:

Net Income

The total profit of a company after all revenues and gains are added and all expenses and losses are subtracted.

Accounts

Refers to records in bookkeeping that track financial transactions and their impacts on specific areas, such as assets, liabilities, and equity.

Accrual Accounting

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Revenues Recorded

The act of documenting income generated from normal business operations, such as sales of goods or services, in the financial records.