The Dean of Students Mailed a Survey to a Total

question 91

Multiple Choice

The Dean of Students mailed a survey to a total of 400 students.The sample included 100 students randomly selected from each of the freshman,sophomore,junior,and senior classes on campus last term.What sampling method was used?

• A)Simple random sample
• B)Systematic sample
• C)Stratified sample
• D)Cluster sample

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Definitions:

Operating Profit

Earnings before interest and taxes (EBIT), representing the profit a company makes from its operations after subtracting operating expenses from revenue.

Sales Mix

The proportion of different products or services that make up the total sales of a company.

Unit Contribution Margin

The amount each unit sold contributes to covering fixed costs and generating profit, calculated by subtracting variable costs per unit from the selling price per unit.

Break-Even Point

The financial point at which total revenues equal total costs and expenses, resulting in no net loss or gain.