Which of the Following Is an Example of Nonprobabilistic Sampling

question 1

Multiple Choice

Which of the following is an example of nonprobabilistic sampling?

• A) Simple random sampling
• B) Stratified simple random sampling
• C) Cluster sampling
• D) Judgment sampling

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Definitions:

Unit Product Cost

The total cost (direct materials, direct labor, and overhead) divided by the number of units produced.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable overhead) in product cost calculations, excluding fixed manufacturing overhead.

Net Operating Income

Net Operating Income (NOI) is the total pre-tax profit a company generates from its operations, excluding expenses such as interest and taxes.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed manufacturing overhead.