The Evening Host of a Dinner Dance Reached into a Bowl

question 28

Multiple Choice

The evening host of a dinner dance reached into a bowl, mixed all the tickets around, and selected the ticket to award the grand door prize. What sampling method was used?

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

---

Definitions:

Liquidity

The simplicity of turning an asset into cash without impacting its market value.

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, real estate, and other financial investments.

Long-Term Debt

Debt obligations that are due more than one year into the future, often used to finance or expand operations.

Operating Cycle

The time it takes for a business to purchase or produce inventory, sell the product, and collect cash from the sale.