What Is a Major Drawback of Probability Sampling

question 12

Multiple Choice

What is a major drawback of probability sampling?

• A)It can be time consuming.
• B)Sampling error cannot be measured.
• C)The most difficult population from which to obtain information is chosen.
• D)Everyone has an equal chance of selection.
• E)Marketers must rely on the judgment of the researcher in respondent selection.

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Definitions:

Budgeted Cost

An estimate of the financial expenditure for a particular operation, project, or production process over a set period.

Raw Materials

Basic substances or components that are processed or transformed into a finished product.

Credit Sales

Sales made by a business where the payment is deferred to a later date, typically involving issuing an invoice to the customer.

Finished Goods Inventory

The completed products that are ready to be sold but have not yet been sold to customers.