A Subset of the Population That Should Represent the Entire

question 71

Multiple Choice

A subset of the population that should represent the entire group,is known as a:

• A)population.
• B)sample unit.
• C)census.
• D)sample.
• E)population set.

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Definitions:

Process Strategy

A company's approach to transforming resources into goods and services.

Transformation Strategy

A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.