Kelsea Is an Interviewer and Incorrectly Entered Respondents' Choices on Ten

question 71

Multiple Choice

Kelsea is an interviewer and incorrectly entered respondents' choices on ten surveys.This type of error is called:

• A)nonrespondent error
• B)respondent error
• C)random error
• D)editing error

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Definitions:

Carrying Value

The book value of assets and liabilities recorded in the financial statements, often differing from the market value.

Net Realizable Value

The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.

Accounts Receivable

The sum of money a company is entitled to receive from its customers for goods or services already delivered or used but not yet paid for.

Inventory

Inventory is the array of finished goods or goods used in production held by a company during its ordinary course of business.