Item Nonresponse Is a Source of Nonsampling Error That Arises

question 19

True/False

Item nonresponse is a source of nonsampling error that arises when a respondent agrees to an interview but refuses,or is unable,to answer specific questions.

---

Definitions:

Markup

Markup refers to the amount added to the cost price of goods to cover overhead and profit, calculated as a percentage of the cost.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or cost objects based on a consistent activity measure.

Overhead Applied

The amount of overhead cost allocated to specific products or cost centers based on a predetermined rate.

Job A496

A specific project or order identifier, representing a unique job or task within a job costing system.