Jim Is Conducting a Survey to Learn About Student Attitudes

question 29

Multiple Choice

Jim is conducting a survey to learn about student attitudes toward abortion. He passes out his survey to the first 100 students that enter the cafeteria. What sampling method is Jim using?

• A) convenience
• B) cluster
• C) stratified
• D) EPSEM

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the expected (or standard) cost, often used in manufacturing to measure efficiency and cost management.

Favorable

A term typically used in budgeting and accounting to describe variances or outcomes that are better than expected or budgeted figures.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard variable overhead estimated.

Variable Overhead Efficiency Variance

The difference between the actual hours taken to produce a good and the standard hours expected, multiplied by the variable overhead rate.