Hi-Test Cola Company Wanted to Create a Sample That Would

question 99

Multiple Choice

Hi-Test Cola Company wanted to create a sample that would contain 25 of its regular cola drinkers, 25 of its diet cola drinkers, 25 of its diet caffeine-free drinkers, and 25 of its caffeine-free regular cola drinkers. The company did this by stopping people on the street and continuing until it had spoken to enough people to meet the requirement. Which sampling method was used?

• A) non-probability convenience
• B) non-probability quota
• C) probability cluster
• D) probability simple random

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Definitions:

Freight-In

Costs associated with transporting raw materials or goods into a company from suppliers, considered part of the cost of purchasing inventory.

Net Purchases

The total cost of purchases made by a company after deducting any returns, allowances, and discounts.

Cost of Goods Sold

The immediate expenses linked to manufacturing goods for sale within a business, encompassing both materials and workforce costs.

Credit Sales Transactions

Transactions where goods or services are sold to a customer with an agreement that payment will be made at a later date.