In What Type of Sampling Does Every Element Have a Known

question 68

Multiple Choice

In what type of sampling does every element have a known chance of being selected for study?

• A) Quota
• B) Stratified
• C) Poll
• D) Nonprobability
• E) Probability

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Definitions:

Accounts Payable

Short-term liabilities representing amounts due to suppliers or creditors for goods and services received but not yet paid for.

Correcting Entry

An entry made in the accounting records to amend a previously made error or oversight.

Rent Expense

The cost incurred by a business to use property or equipment for operational purposes, typically reported on the income statement.

Fees Earned

Income earned from providing services, recorded as revenue in the income statement.