Bedera and Nordmeyer Had a Sampling Frame of 907 College

question 29

Multiple Choice

Bedera and Nordmeyer had a sampling frame of 907 college websites and selected every 22^nd school on the list. How big was their final sample?

• A) 25
• B) 50
• C) 40
• D) 75

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Definitions:

Petty Cash Account

A small amount of cash kept on hand in a business for minor expenditures.

Internal Control System

Strategies and measures put in place by a firm to maintain the honesty of its financial and accounting records, promote responsible management, and deter fraudulent activities.

Single Employee

Refers to an individual worker within an organization, focusing on aspects related to their employment status or conditions.

Compensating Balance

A minimum cash balance required by some banks to be maintained in a bank account.