An Expense That Is Readily Traced to a Department Because

question 50

Multiple Choice

An expense that is readily traced to a department because it is incurred for that department's sole benefit is a(n) :

• A)Common expense.
• B)Indirect expense.
• C)Direct expense.
• D)Administrative expense.
• E)Recurring expense.

---

Definitions:

Null Hypothesis

A default hypothesis that there is no effect or no difference, and any observed difference is due to sampling or experimental error.

Sample Statistic

A numerical measure computed from a sample of data, used to estimate population parameters.

Population Parameter

A numerical value that describes a characteristic of a population.

Sampling Error

A difference between the sample statistic and the actual population parameter, which occurs by chance because the sample is not a perfect representation of the population.