If You Decided to Interview Members of Your Class with Regard

question 2

Multiple Choice

If you decided to interview members of your class with regard to issues relating to the university and college life,you would have selected the ________ as a means of sampling members of the total population.

• A) simple random sample
• B) stratified random sample
• C) cluster (area) sample
• D) convenience sample
• E) quota sample

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Definitions:

Scrap Value

Scrap value is the estimated residual value of an asset at the end of its useful life, often considered when calculating depreciation.

Financial Advantage

The benefit obtained in financial terms, which can be through gains in revenues, reductions in costs, or improved profitability.

Reworked Material

Materials that have been corrected or modified after initial processing to meet the required standards.

Avoidable Costs

These are expenses that can be eliminated if a particular decision is made or if a certain action is avoided.