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A Sampling Method Should Be as Precise and Accurate as Possible

question 51

Essay

A sampling method should be as precise and accurate as possible. Explain what these two terms mean and how each is measured.


Definitions:

Foreign Exchange

The trading of currencies from different countries against each other.

Mutual Benefits

A situation or agreement in which all parties involved gain advantages or profits.

Multinational Corporation

An enterprise operating in several countries but managed from one (home) country, typically having a centralized head office where they coordinate global management.

Host Country

The country in which a multinational company operates a facility outside of its home base, subject to the host country's laws, regulations, and cultural expectations.

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