Identify Which of These Types of Sampling Is Used: Simple

question 167

Multiple Choice

Identify which of these types of sampling is used: simple random, stratified, systematic, or convenience.
-The name of each contestant is written on a separate card, the cards are placed in a bag, and three names are picked from the bag.

• A)Stratified
• B)Systematic
• C)Simple random
• D)Convenience

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Definitions:

Auditors

Professionals who examine and verify a company's financial statements and records for accuracy and compliance with laws and regulations.

Internal Control

Procedures and practices implemented by a company to safeguard assets, ensure accurate financial reporting, and promote compliance with laws and regulations.

Cash Receipts

The collection of money, including coins, notes, and electronic transfers, received by a business during its normal operations.

Over-The-Counter

A decentralized market where securities not listed on formal exchanges are traded directly between parties.