Which of the Following Sampling Methods Will More Likely Be

question 70

Multiple Choice

Which of the following sampling methods will more likely be susceptible to ethical violation?

• A) cluster sample
• B) simple random sample
• C) stratified sample
• D) convenience sample

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Definitions:

ATC

Average total cost, which is the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.

Economies Of Scale

Companies achieve cost benefits when their production processes become more efficient, leading to a decrease in the per-unit cost as the scale of production grows.

Pin Factory

An example used by Adam Smith to illustrate how division of labor increases productivity.

ATC Curve

Average Total Cost Curve, a graph that shows the cost per unit of output produced, plotted against the quantity of output.