A Sampling Procedure Often Used When No List of the Population

question 13

Multiple Choice

A sampling procedure often used when no list of the population exists is:

• A) snowball sampling.
• B) cluster sampling.
• C) simple random sampling.
• D) quota sampling.

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Definitions:

JIT Partnerships

Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.

Competitive Bidding

A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.

Vertical Integration

Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

JIT Partnerships

Just-In-Time partnerships; close collaborations between suppliers and companies to ensure timely delivery of parts, minimizing inventory.