Determine the Sampling Technique Which Is Used

question 56

Multiple Choice

Determine the sampling technique which is used
-To avoid working late, the plant foreman inspects the first 60 microwaves produced that day. What sampling technique was used

• A) convenience
• B) random
• C) cluster
• D) stratified
• E) systematic

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Definitions:

Contra-Revenue

An account that offsets revenue accounts on the income statement, typically related to returns, allowances, and discounts.

Credit Sale

A transaction where goods or services are provided to a customer with the agreement that payment will be made at a later date.

Terms 3/10

A payment term indicating that a buyer can take a 3% discount on the invoice amount if the payment is made within 10 days of the invoice date.

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment time frame and any interest charged.