Bias Is a Preconceived Belief or Opinion About a Person

question 82

True/False

Bias is a preconceived belief or opinion about a person or a group of people.

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Definitions:

Deferral Method

An accounting method in which revenue or expenses are deferred to a future period to better match income with the expenses incurred to generate it.

Restricted Contribution

A donation or contribution to a nonprofit organization that has specific conditions or restrictions on its use by the donor.

Fixed Assets

Fixed Assets are long-term tangible assets, such as buildings, machinery, and equipment, used in the operation of a business and not expected to be converted to cash in the next year.

Operating Fund

A pool of resources designated for the ongoing operational expenses of an organization.