The Difference Between Results Obtained from a Subset and Results

question 16

Multiple Choice

The difference between results obtained from a subset and results obtained from the whole is known as the ____.​

• A) ​sampling error
• B) ​probability
• C) ​statistically significant
• D) ​sample size
• E) ​controlled variable

---

Definitions:

Direct Cost

Expenses that can be directly traced to the production of specific goods or services, such as raw materials and labor.

Indirect Cost

Costs associated with operations that cannot be directly linked to a specific product, service, or project (e.g., utilities, rent, and managerial salaries).

Period Cost

Expenses not directly tied to the production of goods, thereby charged to the accounting period in which they occur.

Product Cost

Costs that are incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.