Which of the Following Is a Common Error at the Data-Gathering

question 9

Multiple Choice

Which of the following is a common error at the data-gathering stage?

• A)Using large samples
• B)Using samples which are not representative
• C)Using information from unbiased sources
• D)Gathering a lot of information

---

Definitions:

Prime Costs

The direct costs directly attributable to the manufacture of goods, typically including direct materials and direct labor costs.

Managerial Accounting

A field of accounting that focuses on providing financial and operational information to managers within an organization to aid in decision-making.

Decision Makers

Individuals or groups responsible for making choices that affect an organization's strategies and operations.

General Accounting

The comprehensive process of recording, analyzing, summarizing, and reporting the financial transactions of a business.