When Representativity Is an Important Criterion for a Study,which Sampling

question 14

True/False

When representativity is an important criterion for a study,which sampling technique would you choose?
a.Systematic sampling.
b.Judgment sampling.
c.Quota sampling.
d.Convenience sampling.

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Definitions:

FIFO

First-In, First-Out, an inventory valuation method where goods purchased first are sold first, affecting the cost of goods sold and ending inventory value.

Average Cost Method

An inventory valuation method that calculates the cost of goods sold based on the average cost of all items in stock.

Physical Flow

The actual movement or transfer of goods and materials through a production process or supply chain, distinct from the associated flow of costs or information.

Inflation

A general increase in prices and fall in the purchasing value of money, affecting the economy over time.