If Each Individual in the Entire Population Has an Equal

question 41

Multiple Choice

If each individual in the entire population has an equal opportunity to be selected for analysis,this is an example of a(n)

• A)tracking poll.
• B)lottery system.
• C)focus group.
• D)random sample.
• E)exit poll.

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Definitions:

Auction Without Reserve

An auction at which the auctioneer cannot withdraw goods unless no bid is made within a reasonable time.

Auctioneer

A person who conducts sales at auctions by accepting bids and declaring goods sold.

Highest Bid

The highest price offered by a bidder at an auction or in a competitive bidding process.

Firm Offer

A rule that no consideration is necessary when a merchant agrees in writing to hold an offer open for the sale of goods.