The HR Department of a Large Company Wants to Determine

question 11

Multiple Choice

The HR department of a large company wants to determine how often to bring representatives from the financial firm managing employee pensions on site to meet with individuals about their retirement plans.In order to determine level of interest, they decide to survey employees.Suppose they select one department (e.g., Sales) and survey all employees within that department.This sampling plan is called ________________________ .

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

---

Definitions:

Inflation

How quickly the average cost of goods and services goes up, resulting in a decrease in the ability to purchase.

Economic Growth

A rise in the output of goods and services in an economy over a certain period, frequently assessed using GDP.

Federal Budget Deficit

The financial situation where the federal government's expenditures exceed its revenues within a given fiscal year.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.