Which of the Following Best Illustrates What Is Meant by Validating

question 59

Multiple Choice

Which of the following best illustrates what is meant by validating the sample?

• A)buying samples only from a well-known and respected sampling firm
• B)using samples that have,in the past,provided reliable and valid results
• C)comparing the sample's profile with a known profile such as the census
• D)confirming the manager's approval
• E)There is no way to "validate" a sample.This is why probability sampling methods are so important.

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Definitions:

Long-Term Supply Agreements

Contracts between companies and their suppliers to provide goods or services over an extended period, often to secure pricing or ensure supply.

Cash Flow Activities

Financial transactions and events that affect the inflow and outflow of cash for a company.

Statement of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company, revealing how a company raises and spends money.

Current Assets

Holdings that are planned to be turned into cash, sold off, or consumed in the span of one year or over the course of the operating cycle, if it extends beyond a year.