When Deciding on the Size of a Sample, Which Is

question 8

Multiple Choice

When deciding on the size of a sample, which is NOT an important consideration?

• A) How much money and time you have
• B) The degree of precision required
• C) The method used to run the survey (online or post)
• D) The number of sub-samples needed

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Definitions:

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers.

Cost Centre Manager

An individual responsible for managing, monitoring, and controlling the costs associated with a particular department or segment of a business.

Investment Centre Manager

An individual responsible for overseeing a division or unit of a business that directly controls its investments and related returns.

Revenue Centre Manager

An individual responsible for generating revenue within a particular segment or area of a business, focusing on sales and marketing efforts.