You Wish to Perform Survey Research to Find Out More

question 135

Multiple Choice

You wish to perform survey research to find out more about sexual orientation and identity in America. Which of the following is probably NOT among your concerns as you begin this line of research?

• A) the selection of an appropriate control group
• B) the selection of a representative sample
• C) potential response biases among participants
• D) participants' interpretation of such terms as gay, straight, and so forth

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Definitions:

Consistency Principle

An accounting standard that mandates entities to apply the same accounting methods and practices from period to period.

Expense Recognition Principle

This principle dictates that expenses should be recognized in the accounting period when they are incurred, not necessarily when they are paid, matching expenses to the revenues they help generate.

Physical Flow Assumption

An accounting method that tracks the physical movement of goods in inventory, often used to calculate cost of goods sold or ending inventory.

Specific Identification

Specific Identification is an inventory valuation method that tracks the actual cost of each specific item in inventory.