Which of the Following Is True Regarding the Size of the Sample

question 52

Multiple Choice

Which of the following is true regarding the size of the sample?

• A) You should strive to have a sample that is at least 50 percent of the size of the population.
• B) There is no such thing as having a sample that is too large.
• C) Sample size is more important than the sample plan.
• D) Only samples with large sample sizes may be considered representative samples.
• E) A sample size that is too large wastes research dollars; the sample size should be just large enough to give the researcher accurate results without wasting money.

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Definitions:

Future Cash Flows

The projected cash receipts and payments a business expects over a period in the future, important for investment and valuation purposes.

Net Income

Profit of a company after all expenses and taxes have been subtracted from total revenue.

Matching Principle

An accounting principle that dictates that expenses should be recognized in the period in which the related revenues are earned, helping to ensure that financial statements are accurate.

Expenses

The outflows or using up of assets as part of operations of a business to generate revenue.