Which of the Following Is TRUE

question 57

Multiple Choice

Which of the following is TRUE?

• A) The controls for a quota sample are usually chosen on the basis that (1) they are believed to be correlated with the characteristic to be studied, and (2) reasonably up-to-date information on their distribution within the population is available.
• B) To validate a quota sample, various characteristics of the sample are compared to known population values. If the differences in these characteristics are small in the comparison, this constitutes proof that the sample corresponds to the population.
• C) Quota sampling is the most common kind of probability sampling used in marketing research.
• D) Quota sampling is the only nonprobability sampling method that provides some measure of the sampling error associated with the sample estimate.
• E) Quota sampling is acceptable for causal research.

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Definitions:

Favorable Supply Shock

An unexpected event that increases the supply of a product or service, leading to lower prices and benefiting consumers.

Price Level

A measure of the average prices of goods and services in an economy.

Central Bank

A national bank that provides financial and banking services for its country's government and commercial banking system and implements monetary policy.

Money Supply

The whole sum of economic financial assets at a specified time.