Management at a Large Multinational Corporation Would Like to Survey

question 14

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.Each employee has an ID number, and the administration plans to randomly select 250 numbers.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:

Cyclical Unemployment

The variation in unemployment caused by the ups and downs of economic cycles, including recessions and expansions.

Recessionary Gap

A situation where an economy's actual production is less than its potential output, often leading to unemployment and underused resources.

Potential Output

The level of productivity an economy can achieve with full employment and resources utilization, without causing inflation.

Natural Rate

The Natural Rate often refers to the natural rate of unemployment, where the unemployment rate is at a level expected in a fully efficient market without cyclical or short-term unemployment.