Figure TB 7-1 Are You Currently Enrolled in the University Honors Consortium

question 52

Multiple Choice

Figure TB 7-1
Are you currently enrolled in the University Honors Consortium?
______Yes
_______No
-What type of response scale is illustrated in the accompanying question,asking about participation in the honors program?

• A)absolute
• B)bivariate
• C)either-or
• D)dichotomous

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Definitions:

Straight-Line Method

A method of allocating the cost of an asset evenly across its useful life for accounting and depreciation purposes.

Completed-Contract Method

An accounting method where revenue and expenses are recorded only when a contract is completed, used primarily for long-term projects.

Percentage-Of-Completion Method

An accounting technique that recognizes revenue and expenses related to long-term projects as a percentage of the work completed during the period.

Cumulative Pretax Income

The total pre-tax income earned by a company over a specified period, before any taxes are deducted.