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One of the major problems with mail surveys is nonresponse bias. In an effort to minimize this, a researcher decides to limit the sample to his personal friends from whom he is sure to get replies. This is an example of a
Net Method
An accounting method where discounts for prompt payment are assumed in the recorded costs; if the discount is not taken, the expense is recorded later.
Cash Discount
A deduction from the invoice price that a seller allows to a buyer in return for paying the bill early.
Invoice
A document sent to a buyer that specifies the quantities and costs of the products or services provided by the seller.
Quick Assets
Highly liquid assets, including cash, accounts receivable, and marketable securities, which can be quickly converted into cash.
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