A Problem with Nonprobability Samples Is

question 63

Multiple Choice

A problem with nonprobability samples is

• A)they are always more representative than nonprobability samples.
• B)one cannot assess the amount of sampling error likely to occur.
• C)there is no problem with using nonprobability samples
• D)Both a and b.
• E)None of the above.

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Definitions:

Bad Debt Expense

An expense reported on the income statement, representing the estimate of receivables that a company does not expect to collect.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible Receivables

Refers to money owed to a company by its debtors that is unlikely to be paid and is considered a loss.

Allowance Method

A technique in accounting used to estimate and anticipate bad debts (uncollectible accounts receivable) and adjust the books accordingly.