The Process of Multiplying Survey Data by Some Factor Judged

question 22

Multiple Choice

The process of multiplying survey data by some factor judged to reflect the difference between a survey benchmark job and a company job is called _____.

• A)updating
• B)point factor adjustment
• C)lead/lag policy adjustment
• D)survey leveling

---

Definitions:

Land Sale

A transaction involving the conveyance of ownership in land from one party to another, often recorded as a capital transaction in financial statements.

Operating Income

This is the profit realized from a business's ongoing operations, calculated as the difference between operating revenues and operating expenses.

Land Account

A type of asset account on the balance sheet representing the cost of land owned by a company.