Professor Karney's Target Population Consisted of Several Thousand People,so He

question 31

Multiple Choice

Professor Karney's target population consisted of several thousand people,so he decided to select a sample in such a way that each member of the target population had an equal chance of being selected.Which of the following terms describes the method he used to select a sample?

• A) self-selection
• B) self-report
• C) random sampling
• D) target sampling

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Definitions:

Fair-value Method

An accounting strategy used for valuing and assessing assets and liabilities based on current market prices or estimates.

Equity Method

An accounting technique used to assess the earnings of an investment in another company by recognizing the income earned proportional to ownership interest.

Accounting Principle

A guideline or rule that shapes the theoretical basis for accounting practices and financial reporting.

Intra-entity Gross Profits

Profits realized from transactions conducted within the same legal entity, often requiring elimination for accurate consolidated financial reporting.