A Sampling Plan That Requires a Person to Interview 100

question 24

Multiple Choice

A sampling plan that requires a person to interview 100 people as they exit a department store would most likely be:

• A) a simple random sample.
• B) a convenience sample.
• C) a systematic random sample.
• D) a stratified sample.

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Definitions:

Financial Break-Even

The point at which total revenues equal total costs and expenses, leaving no net gain or loss.

Accounting Basis

Refers to the method under which income and expenses are recognized and reported. The two primary methods are cash basis and accrual basis accounting.

NPV

Net Present Value, a calculation that discounts all cash flows associated with a project or investment back to the present value to assess its profitability.

Operating Cash Flow

A measure of the cash generated by a company's normal business operations, reflecting its capacity to sustain and grow operations.