When Preparing a Representative Sample from a List of 200

question 30

Multiple Choice

When preparing a representative sample from a list of 200 customers who complained about errors in their statements,a _____ might select every tenth customer for review.

• A) systematic sample
• B) stratified sample
• C) random sample
• D) comprehensive sample

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Definitions:

Special Order Price

The price charged for a product or service that is outside the company's normal scope of work or products; often tailored pricing for a specific customer request.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost calculation, contrasting with absorption costing that also includes fixed costs.

Product Costs

Costs that are incurred to create a product that is intended for sale to customers. This includes direct materials, direct labor, and manufacturing overhead.

Direct Labor

Costs associated with employees who are directly involved in the production of goods or the provision of services, such as wages for factory workers.