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For each of the following studies, state what method of sampling was used.
-in order to poll residents about the election, a researcher used a computer to generate phone number digits and called the first 1000 names on the list
Sunk Cost
Costs that have already been incurred and cannot be recovered or reversed.
Model 240 Machine
A hypothetical or specific name for a machine, possibly denoting a particular model or type used in manufacturing or industrial settings.
Contribution Margin
The amount of revenue remaining after deducting variable costs, available to cover fixed costs and contribute to profits.
Selling Price
The selling price of a product or service to buyers.
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