Cluster Sampling and Stratified Sampling Differ in All of the Following

question 34

Multiple Choice

Cluster sampling and stratified sampling differ in all of the following ways except ________.

• A)the number of subpopulations chosen
• B)their objectives
• C)classification of sampling techniques
• D)with respect to homogeneity and heterogeneity

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Definitions:

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the extent to which sales can drop before losses begin.

Budgeted Data

Financial forecasts and plans, including income and expenses, prepared in advance for a specific period.

Tax Rate

The tax rate is the percentage at which an individual or corporation is taxed, influencing the amount of tax owed to the government, varying across income levels and jurisdictions.

Budgeted Break-Even Point

The projected level of sales or production at which total revenues equal total costs, resulting in no profit or loss.