In Using Time Sampling to Gain a Representative Sample of Behavior,the

question 68

Multiple Choice

In using time sampling to gain a representative sample of behavior,the intervals in which the observations are to be made should be selected

• A) economically.
• B) only randomly.
• C) only systematically.
• D) either randomly or systematically, or both.

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Definitions:

Revenue

The total income generated by the sale of goods or services related to a company's primary operations before any expenses are deducted.

Realized

Pertains to gains or losses that have been incurred as a result of actual transactions as opposed to those that are theoretical or projected.

Earned

Income or revenue that has been generated or received for goods sold or services provided.

Retained Earnings

The portion of net income that is not distributed to shareholders but is instead reinvested in the business or kept as a reserve for certain purposes.