Which Is True About Sampling

question 717

Multiple Choice

Which is true about sampling?
I. An attempt to take a census will always result in less bias than sampling.
II. Sampling error is usually reduced when the sample size is larger.
III. Sampling error is the result of random variations and is always present.

• A) I, II, and III
• B) III only
• C) II only
• D) I only
• E) II and III

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Definitions:

Capacity Utilization

The percentage of a firm's total production capacity that is actually being used in the production of goods or services.

Aggregate Planning

A process by which a company determines optimal levels of capacity, production, subcontracting, inventory, and labor for meeting expected demand.

Forecast Quality

The accuracy and reliability of predictions regarding future demand, sales, or other market dynamics.

Supply Chains

Complex networks of suppliers, manufacturers, and distributors that produce, handle, and distribute goods and services from origin to consumer.