What Term Is Given to a Sample Chosen at Random

question 35

Multiple Choice

What term is given to a sample chosen at random from a population?

• A) biased sample
• B) cluster sample
• C) unbiased sample
• D) stratified sample

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Definitions:

Days' Sales in Inventory

A financial metric that indicates the average number of days it takes for a company to turn its inventory into sales.

Erratic Changes in Costs

Sudden and unpredictable fluctuations in the cost of materials, labor, or other operational expenses.

Inventory Valuation

The method used to assess the cost or market value of inventories at hand for financial reporting purposes.

Cost of Goods Available for Sale

The total cost of goods produced or purchased and ready for sale during a specific period, including beginning inventory plus purchases or manufacturing costs.