Errors in collecting data may be attributed to fieldworkers and respondents. What is important about these errors is that:
A) researchers keep a list of all the errors that occur and report them in the "Error Report"
B) researchers know the sources of these errors and their history
C) researchers know the source and history of these errors and maintain a catalog of them
D) researchers know the source of the errors and implement controls to minimize them
E) researchers do NOT know the source of these errors but must watch for them carefully
D
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Which of the following accounting principles requires that warranty expense must be estimated and recognized in the same period when the related sales revenue is recognized?
A) the matching principle B) the disclosure principle C) the revenue principle D) the consistency principle
Probability sampling allows confidence limits to be calculated for sampling error and makes the sampling more representative
Indicate whether the statement is true or false