In a Questionnaire, Respondents Are Asked to Mark Their Gender

question 16

Multiple Choice

In a questionnaire, respondents are asked to mark their gender as male or female. Gender is an example of a

• A)categorical variable
• B)quantitative variable
• C)categorical or quantitative variable, depending on how the respondents answered the question
• D)ratio variable

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Definitions:

Classified Balance Sheet

A balance sheet that organizes assets and liabilities into subcategories such as current and long-term.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals in the accounting period.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, helping to prepare the books for the next period.