The HR Department of a Large Company Wants to Determine

question 3

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 group employees by age categories (e.g.,
Under 30; 30 - under 45; 45 - under 60, 60 or older) and randomly select 50 individuals
From each category. This sampling plan is called

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

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Definitions:

Current Liabilities

Financial responsibilities that must be settled within a year or during the regular course of a business's operational cycle.

Comprehensive Balance Sheet

An extensive version of a balance sheet that includes all financial information and disclosures including those outside the conventional balance sheet.

Assets

Economic resources controlled or owned by a business that are expected to produce benefits in the future.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.