What Type of Error Occurs When the Selected Sample Is

question 110

Multiple Choice

What type of error occurs when the selected sample is an imperfect representation of the overall population?

• A) field
• B) random
• C) representational
• D) frame

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, changes in working capital, and items of income or expense to determine net cash provided by operating activities.

Fixed Assets

Long-term tangible assets used in the operation of a business that are not expected to be converted into cash in the coming year.

Statement of Cash Flows

A financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Operating Activities

Activities related to the core business operations of a company, such as selling goods and services.