In a Cluster Sample, Areas or "Clusters" Are Selected from Which

question 98

True/False

In a cluster sample, areas or "clusters" are selected from which respondents are drawn. It is an expensive form of sampling and is not recommended unless absolutely necessary.

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Definitions:

Accounts Payable

Liabilities of a company or an individual due to creditors for goods and services received but not yet paid for.

Earnings Per Share

A measure of a company's profitability that is calculated by dividing its net earnings available to common shareholders by the average outstanding shares.

Common Stock

Represents equity ownership in a corporation, providing voting rights and entitling the holder to a share of the company's success through dividends and/or capital appreciation.

Fixed Asset Turnover

A financial ratio that measures a company's effectiveness in generating sales from its fixed assets.