Which of the Following Types of Error Describes Measurement Error

question 50

Multiple Choice

Which of the following types of error describes measurement error that arises from arbitrary changes that have a different effect each time the measurement is made?

• A) systematic error
• B) forced error
• C) coefficient error
• D) random error
• E) dispersion error

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Definitions:

Physical Existence

The actual, tangible presence of an asset, as opposed to intangible assets or rights.

External Audit

An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.

Financial Statements

Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.

Credibility

The quality of being trusted and believed in, important in financial reporting and accounting practices.