In Practice,a Number of Different Methods Are Used to Determine

question 62

Essay

In practice,a number of different methods are used to determine sample size including those described as"other methods of size determination."Most of the other methods have limitations that make them undesirable.Define and describe"rule of thumb,""conventional sample size,"and amount of allocated budget sample approaches.List one major drawback of each.

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Definitions:

Cross-Border Merger

A transaction where companies from different countries merge to create a new entity or one absorbs the other, expanding their global footprint and operational reach.

Joint Venture

A business agreement between two or more parties to jointly undertake a specific project or business activity, sharing profits, losses, and control.

Ethnocentrism

The belief in the superiority of one's own cultural group, often accompanied by a disregard for other cultures.

Polycentric Attitude

An approach that recognizes and values the diversity and difference of various cultures and practices in international business.