The Major Concern When Using Nonfinancial Data in Analytical Procedures

question 91

Multiple Choice

The major concern when using nonfinancial data in analytical procedures is the:

• A)accuracy of the nonfinancial data.
• B)source of the nonfinancial data.
• C)type of nonfinancial data.
• D)presence of multiple sources of nonfinancial data.

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Definitions:

Demographic Questions

Questions used in surveys or studies that collect data about the characteristics of the population, such as age, gender, and income.

Survey Design

The planning of survey research, including methods for selecting participants and collecting data, to ensure reliable and valid results.

Self-Selected Sample

A self-selected sample is a group of individuals who have voluntarily chosen to participate in a survey or study, potentially leading to bias in the results.

Dichotomous Questions

Questions structured to have two possible answers, typically requiring a respondent to choose between two options.