Simple Random Sampling Is NOT a Wise Choice When You

question 61

Multiple Choice

Simple random sampling is NOT a wise choice when you have:

• A) a large population.
• B) a small population.
• C) a sample frame in electronic format.
• D) a large population that is not in electronic format.
• E) a small population that is not in electronic format.

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Definitions:

Minimum Required Rate of Return

The least return expected by investors for assuming the risk of investing in a project or security.

Performance of Divisions

Evaluation of the efficiency, productivity, and profitability of different segments or units within an organization, often used for internal assessment and strategy formulation.

Residual Income

A profitability measure that subtracts an opportunity cost for capital from the profits generated.

Minimum Required Return

The minimum required return is the lowest acceptable profit or gain on an investment, factoring in the risk and opportunity cost.