A Finite Population Correction Factor Should Be Used to Adjust

question 106

Multiple Choice

A finite population correction factor should be used to adjust the margin of error when the sample taken is larger than ________ of the entire population.

• A)10%
• B)1%
• C)5%
• D)50%

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Definitions:

Corporate Opportunity

A business opportunity that a company has a legal interest in or right to, which an officer or director cannot take for their personal gain without breaching their fiduciary duty.

Conglomerate

A large corporation formed by the merger of separate and diverse firms, focusing on a wide range of business activities and markets.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Vicarious Liability

A legal doctrine holding an individual or entity liable for the actions of another, based on the relationship between them, such as employer-employee.