Sampling Wyatt Randomly Selects Every Tenth Name from His Fraternity

question 17

Multiple Choice

Sampling Wyatt randomly selects every tenth name from his fraternity roster to monitor
An upcoming date party.The chosen members constitute a ____ or subset
Of the population from which they were drawn.

• A)cluster
• B)cohort
• C)factor
• D)sample

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Definitions:

Managerial Accounting

Managerial accounting involves the provision of financial and non-financial information to an organization's management team to assist in decision-making and strategy planning.

Setting Goals

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives that guide individuals or organizations.

Managerial Accounting Reports

Internal financial reports that provide managers with the necessary information to make informed business decisions, typically focused on future profitability and efficiency.

Subunits

Subunits refer to smaller, separately identifiable parts of a larger organization, which can be departments, divisions, or subsidiaries, each responsible for distinct functions or regions.