You Generally Need to Ask Three Questions When Developing a Sampling

question 32

Multiple Choice

You generally need to ask three questions when developing a sampling plan.Of the items listed below,which is one of these three questions?

• A)Who should be left out of the sample (sampling exclusion)?
• B)How should we contact the sample (sampling approach)?
• C)Why should respondents be selected (sampling justification)?
• D)How should participants be chosen (sampling procedure)?
• E)None of the above.

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Definitions:

ABC Costing System

Activity Based Costing system; a method of cost accounting that identifies and assigns costs to specific activities involved in the production process to better understand overhead costs.

Plantwide Overhead Rate

A single overhead absorption rate used throughout an entire plant or company to allocate indirect costs to products.

Overhead Rate Methods

Different methodologies used to allocate overhead costs to products or services based on criteria such as direct labor hours, machine hours, or direct material costs.

Departmental Overhead Rate

This rate is used to allocate indirect costs to specific departments, based on a relevant metric like labor hours or machine hours.