The Sampling Technique That Involves Choosing Individuals from the Population

question 17

Multiple Choice

The sampling technique that involves choosing individuals from the population at random where the proportions of members of different groups are the same in the population and the sample is ______.

• A) simple random sample
• B) cluster sample
• C) volunteer sample
• D) stratified random sample

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Definitions:

Direct Labour

Direct labour refers to the work effort of employees directly involved in the production of goods or services, whose costs are directly attributable to specific units of production.

Inventory Level

The quantity of goods or materials on hand at a given time within a business.

Budget Procedures

Budget Procedures are systematic processes used by organizations to create a budget, involving estimating revenues, expenses, and allocating resources for various functions.

Financial Budget

A plan for an organization's financial resources, detailing income and expenditures over a certain period.