A Code of Ethics Becomes Increasingly Appropriate and Necessary as a Small

question 41

Multiple Choice

A code of ethics becomes increasingly appropriate and necessary as a small business

• A) expands its credit sales and acquires more customers who buy on credit.
• B) begins to market products in other countries.
• C) grows with a consequent lessening of personal interactions between the owner and employees.
• D) increases borrowing to the extent that one third of its assets are financed by borrowing.

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Definitions:

Point Estimator

The sample statistic, such as x, s, or p, that provides the point estimate of the population parameter.

Simple Random Samples

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Population Size

The total number of individuals or units in the population being studied.

Population Parameter

A numerical value that describes a characteristic of an entire population.