Phillip Would Like to Collect Information from a Large Number

question 23

Multiple Choice

Phillip would like to collect information from a large number of people, but he has a limited budget. In order to sample a large number, but to keep the cost low, Phillip should use ________ as a research method.

• A) structured interviews
• B) unstructured interviews
• C) stratified random samples
• D) self-administered questionnaires

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash from operating activities.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses, indicating the profit made during a specific period.

Operating Activities

Activities directly related to the operation of the business, including production, sales, and day-to-day business management.

FASB

The Financial Accounting Standards Board is an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.