Public Opinion Polls Are Only Estimates Because

question 24

Multiple Choice

Public opinion polls are only estimates because

• A)samples of fewer then one million people are too small.
• B)all surveys have a sampling error.
• C)pollsters sometimes have to make educated guesses about the results.
• D)random-digit dialing has replaced person-to-person interviewing.
• E)samples are not representative.

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Definitions:

Accounts Receivable Period

The mean duration required by a company to receive payments from clients following a sale transaction.

Payables Period

The average time it takes for a company to pay its invoices from suppliers, indicating the company's payment habits and cash flow management.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on credit, agreeing to pay the supplier at a later date.

COGS

Cost of Goods Sold represents the direct costs associated with the production of the goods sold by a company.