The Major Advantage of Cluster Sampling Over Simple Random Sampling

question 55

Multiple Choice

The major advantage of cluster sampling over simple random sampling is that it

• A) saves time and money
• B) yields more reliable research findings
• C) yields a higher degree of randomness in heterogenous populations
• D) yields a higher degree of randomness in homogeneous populations

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Definitions:

Periodic Inventory System

An inventory system that updates inventory balance and cost of goods sold at the end of an accounting period, not continuously.

Economic Entity Assumption

An accounting principle that states a company and its owner(s) are separate entities for financial reporting purposes.

Expenses

Outflows or other uses of assets or incurrences of liabilities during a period from delivering goods, rendering services, or carrying out other activities.

Proprietorship

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.