The Scientific Peer-Review Process Ensures That

question 53

Multiple Choice

The scientific peer-review process ensures that

• A)scientific studies have proper design and methods and are free from bias.
• B)all scientific studies receive publication despite the level of bias.
• C)the results of scientific studies are permanent and certain.
• D)all published scientific studies have clearly defined control groups.

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Definitions:

Deferral

Accounting method to postpone the recognition of revenues or expenses until a future accounting period.

Journal Entry

A record in the accounting ledger that represents a transaction and its effect on various accounts, used for tracking and organizing financial data.

Accrual

Accrual is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction actually takes place.

Adjusting Journal Entry

An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses for the period.