Question
Which of the following is represented by an estimated
amount to meet a loss or expense in future?Solution
'Provision' means an estimated amount to meet a loss or expense in future. Provisions are made for future obligations whose specific amount or date is unknown. Note – •accrued expense is one that is known to be due in the future with certainty. •A contingent liability is one that is dependent on happening of a future event. It is a potential liability Here the event is also uncertain.
Which of the following is the primary reason why bias occurs in sampling?
In which programming language are pointers explicitly supported and used for memory manipulation?
Which of the following traversal algorithms is guaranteed to visit all vertices in the minimum number of edges in an unweighted graph?
Which of the following scheduling algorithms can cause the starvation of low-priority processes?
Which of the following best describes the difference between simple moving averages and exponential smoothing in forecasting?
In which scenario is stratified sampling most suitable?
In data management, what role does metadata play when working with a large dataset of customer transactions?
Which sampling technique involves dividing the population into mutually exclusive subgroups and then randomly selecting samples from each subgroup?
Which of the following best explains why sampling is used in data analysis?
Which of the following Excel functions is most appropriate for dynamically summarizing data from multiple tables by matching a key value?
