A _____ error arises if the sample drawn from a population differs from the target population.
A. field
B. frame
C. measurement
D. random
E. nonresponse
Answer: B
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A trial balance does not identify all types of errors. Which of the following are errors that are not identified using the trial balance?
A)incorrectly recording the transaction amount, but the debits still equal the credits B) incorrectly posting part of a journal entry to the wrong account C) not recording a transaction D) All of these answer choices represent errors that are not identified using the trial balance.
The receivable turnover is useful in assessing the effectiveness of credit policies
Indicate whether the statement is true or false
Which of the following is a reason to have a corporate code of ethics?
A) to avoid having to respond to media inquiries about transgressions B) to increase profits for publicly-owned businesses C) to increase public confidence D) to influence legislators to pass more up-to-date reform bills
Those affected by a nuisance are entitled to damages for the loss of the use of the land or for harm that is caused by the nuisance
Indicate whether the statement is true or false