The Bias Stemming from the Likelihood That Those Who Offer

question 208

Multiple Choice

The bias stemming from the likelihood that those who offer to participate in certain kinds of surveys differ systematically from those who are less likely to offer is known as

• A)selection factors.
• B)volunteer bias.
• C)self-selection.
• D)stratified selection.

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Definitions:

Unrecognized Net Loss

A loss that has occurred but has not been reported in the financial statements because it has not yet been realized through a transaction.

Projected Benefit Obligation

A measurement of the present value of future pension benefits owed to employees, based on factors like salary history and years of service.

Plan Assets

Resources set aside by a company in a dedicated fund to meet future pension benefits or other long-term employee benefits.

Vested Benefits

Employee benefits, such as pension funds or stock options, that are fully granted and cannot be forfeited even if the employment is terminated.