Sampling in Which a Person First Samples Among Larger Units

question 3

Multiple Choice

Sampling in which a person first samples among larger units and then takes samples of smaller units within those larger ones is called:

• A)back stage sampling.
• B)proportionate sampling.
• C)simple random sampling.
• D)cluster sampling.

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Definitions:

Markup

The difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.

Equity Method

An accounting technique used to record investments in associated companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's profits or losses.

Book Value

The value of an asset as recorded on the balance sheet, calculated by deducting the accumulated depreciation or amortization from the asset's original cost.