In a ________, Every Member of the Population Has a Known

question 108

Multiple Choice

In a ________, every member of the population has a known and equal chance of being selected.

• A) simple random sample
• B) judgment sample
• C) convenience sample
• D) systematic random sample
• E) cluster sample

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Definitions:

Accounts Receivable

Accounts Receivable represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Credit Sales

Sales made by a business where the payment is delayed, typically documented with an invoice and recorded in accounts receivable.

Receivables Financing

A type of financing where a company uses its accounts receivable as collateral to secure short-term financing, improving liquidity.

Operating Cycle

The time period between the acquisition of inventory by a business and the collection of cash from accounts receivable.