In a recent study, the population of the affluent households was defined in four different ways: 1. households with income of $50,000 or more; 2. the top 20 percent of households, as measured by income;
3 . households with net worth over $250,000; and 4. households with spendable discretionary income 30 percent higher than that of comparable households. The number and characteristics of the affluent households varied depending upon the definition, underscoring the need to avoid ________.
A) sampling frame error
B) respondent selection error
C) measurement error
D) population definition error
D
You might also like to view...
What organelle would be found in increased quantities in the liver cells of a person who abuses alcohol and / or other drugs on a regular basis?
What will be an ideal response?
What is the primary determinant in the difference between fraud and errors in financial statement reporting?
a. The materiality of the misstatement. b. The intent to deceive. c. The level of management involved. d. The type of transaction affected.
Which of the following statements most accurately reflects the approach the FASB and IASB have identified for reaching convergence of U.S. and international accounting standards?
a. Convergence will be achieved primarily by modifying FASB standards to conform with IASB standards. b. Convergence will be achieved primarily by modifying IASB standards to conform with FASB standards. c. FASB and IASB will create new standards rather than trying to eliminate differences between standards that are in need of significant improvement. d. FASB and IASB will try to eliminate differences between standards by eliminating differences between existing standards of the two standard-setting bodies that can be easily resolved and will then work jointly on more complex issues.
Which element below is defined as the understanding of skills, knowledge, and strengths that enable a person to make choices and initiate work tasks?
a. Purposefulness b. Self-determination c. Resolve d. Capability