In the Context of Nonprobability Sampling,what Is an Element

question 4

Multiple Choice

In the context of nonprobability sampling,what is an element?

• A)It is the process of selecting observations that will be analyzed for research purposes.
• B)It is the idea that a study's results will tell us something about a group larger than the sample from which the findings were generated.
• C)It is a nonprobability sample type for which a researcher gathers data from the elements that happen to be convenient.
• D)It is the individual unit that is the focus of a researcher's investigation.
• E)It is the extent to which a sample represents its population on a particular parameter.

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Definitions:

Budgeted Contribution Margin

The anticipated difference between sales revenue and variable costs in a budget period.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard cost of variable overhead allotted for the actual production.

Indirect Materials

Materials used in the production process that are not directly part of the final product, such as lubricants for machines.

Unfavourable Variance

A financial term referring to a situation where actual costs are higher than planned or budgeted costs, or actual revenue is lower than forecasted revenue.