Which Technique Is Least Likely to Be Used to Quantify

question 90

Multiple Choice

Which technique is least likely to be used to quantify intangible benefits?

• A)opinion surveys
• B)simulation models
• C)professional judgment
• D)review of accounting transaction data

Comprehend the purpose and implications of statistical testing in research.

Understand bias in research and ways to mitigate it.

Understand the importance and methodologies of group goal setting and achievement.

Recognize the integration of practice wisdom with evaluation methods to improve practice.

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Definitions:

Adjusting Entries

Entries recorded at the conclusion of an accounting period to adjust the account balances prior to the creation of financial statements.

Revenue And Expense

Key components of an income statement, with revenue representing income earned and expense depicting costs incurred in generating that income.

Correcting Entries

Journal entries made in accounting to correct previously made errors or adjustments in the financial statements.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.