The Sample of People That Test Norms Are Based on Is

question 52

True/False

The sample of people that test norms are based on is called the percentile sample which is based on a sample of people who were selected to be representative of the broader population.

---

Definitions:

Salaries Payable

A liability account that records the amounts of wages earned by employees that have not yet been paid to them.

Salaries Expense

An accounting item that represents the total amount paid to employees in the form of salaries over a specific period of time.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Prepaid Insurance

An asset account that represents insurance payments made in advance for future coverage periods.