Katherine Payne Was Reading the Business Plan for New Venture

question 45

Multiple Choice

Katherine Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New Venture Fitness Drinks placed an explanation of the sources of the numbers for the statements and the assumptions used to generate them. This explanation is called a(n) :

• A) estimate sheet
• B) hypothesis sheet
• C) assumptions sheet
• D) forecast sheet
• E) forecast hypothesis

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Definitions:

Sampling Error

The difference between the characteristics of a sample and those of the population from which it was drawn, arising purely by chance.

Directional Research Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables, predicting how one variable will affect another.

Nondirectional Research Hypothesis

A hypothesis that predicts a relationship between variables without specifying the direction of the relationship.

Sampling Plan

A detailed strategy that outlines the process of selecting items or individuals from a population to be included in a sample.