A Source of Error Resulting from the Fact That Information

question 211

Multiple Choice

A source of error resulting from the fact that information is available only on a subset of the total population is referred to as a(n) :

• A)nonsampling error.
• B)irrelevant error.
• C)inaccurate error.
• D)sampling error.

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Definitions:

Diluted Earnings

The reduced earnings per share figure when considering the conversion into common stock of all potential shares that could dilute earnings.

Assumed Shares

Shares that are considered to have been issued in hypothetical scenarios, such as in the calculation of diluted earnings per share.

Stock Dividend

Distribution of additional shares of a company's stock to shareholders instead of cash, usually determined as a percentage of the shares already owned.