A Small Set of People Carefully Drawn from a Larger

question 103

Multiple Choice

A small set of people carefully drawn from a larger population to reflect its overall characteristics is known as

• A) an experiment.
• B) a survey.
• C) a sample.
• D) a quota.

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Definitions:

Bonus Pay

A pay plan that rewards employees for recent performance rather than historical performance.

Extrinsic Reward

A reward or incentive provided by an external source, such as money, grades, or recognition, to motivate behavior or performance.

Profit Sharing

A company policy of distributing a portion of its net profits to its employees, typically as a motivational tool and a means of fostering a sense of ownership and loyalty.

Start-up Costs

The initial expenses required to start a new business, including costs for legal fees, equipment, inventory, and marketing.