Management at a Large Multinational Corporation Would Like to Survey

question 19

Multiple Choice

Management at a large multinational corporation would like to survey its employees about the level of interest in combining flexible work schedules with telecommuting from home.The HR Department has an alphabetized list of newly hired employees (hired within the last year) .After starting the process by randomly selecting an employee from the list, then every 5^th name is chosen to be included in the sample.This sampling plan is called ________________________ .

• A)Simple Random Sampling
• B)Stratified Sampling
• C)Cluster Sampling
• D)Systematic Sampling
• E)Convenience Sampling

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a product because of its cost of production and what they actually receive (the market price).

Economy

A system for coordinating society’s productive activities.

Producer Surplus

The excess amount that producers make from selling a product over their minimum acceptable price.

Autarky

An economic system characterized by self-sufficiency, where a region or country aims to produce all it needs without engaging in international trade.