Which of the Following Statements Is Not Correct

question 98

Multiple Choice

Which of the following statements is not correct?

• A) It is acceptable to pick a starting point on a random number table by using a "blind stab" method.
• B) It is impossible to draw a six-digit random number from a table that is separated into columns of five digits.
• C) The only reason for selecting a random starting point on a random number table is to eliminate the predictability of the sample.
• D) When selecting a three-digit number from a table that is separated into columns of five digits, it is permissible to use the first three digits, the middle three digits, or the last three digits.

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Definitions:

Normal Markup

The standard increase over cost that a business applies to its products or services to determine the selling price.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a proportion of its profits.

Gain Recognition

The process of recording increases in asset value, typically when assets are sold for more than their book value.

Consolidated Income Statement

A financial statement that combines the income, expenses, and profits of a parent company and its subsidiaries to present the overall performance.