Which of the Following Statements About Sampling Is True

question 52

Multiple Choice

Which of the following statements about sampling is true?

• A) It is pretty easy to draw a random sample of the population in order to measure public opinion accurately.
• B) The larger the sample the more closely the sample's answers will closely approximate the answers if the entire population could be asked.
• C) Larger samples are always better so the results from a sample of 2,000 will be twice as accurate as the results from a sample of 1,000.
• D) Pollsters who can draw good samples can virtually eliminate any errors in polling.

Understand the express and implied powers of corporations under state law.

Grasp the significance of corporate bylaws in governing internal management.

Recognize the concept of double taxation and how it affects corporations and shareholders.

Understand the roles and legal responsibilities of promoters and incorporators in the formation of corporations.

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Definitions:

Exclusive Agency Contract

A contractual agreement where one party grants another party the exclusive rights to act on their behalf, typically used in real estate and talent management.

Implied Authority

This refers to the power of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization’s agency agreement, even if not explicitly granted.

Duty of Accounting

The obligation of a party (usually a fiduciary) to keep accurate records and report financial activity to relevant stakeholders or authorities.

Agent Owe

The duty or obligation an agent has to act in the best interest of the principal, including loyalty, care, and full disclosure.