Which of the Following Would Be Most Helpful in Dividing

question 56

Multiple Choice

Which of the following would be most helpful in dividing the sample into different strata?

• A) a basis that will result in like responses across strata
• B) a basis that will result in different responses across strata
• C) a basis that is easy to identify
• D) a basis that uses some surrogate indicator of identification such as SIC/NAICS codes
• E) a basis that is the least expensive

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Definitions:

Assets

Resources owned or controlled by a business, entity, or individual, expected to produce economic value or future benefits.

Economic Order Quantity

A formula used to determine the optimal order size that minimizes the total inventory holding costs and ordering costs.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.

Fixed Costs

Costs that do not change when the quantity of output changes during a particular time period.