Which of the Following Is True About a Sample

question 83

Multiple Choice

Which of the following is true about a sample?

• A) It is always smaller than the group it is used to generalize about.
• B) It is always selected randomly.
• C) It must always contain a large number of people.
• D) It must be weighted to take into account the demographics of the target population.
• E) It is only used with quantitative methods.

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Definitions:

Unit Variable Cost

The cost associated with producing one additional unit of a product, which includes costs that vary directly with the production volume, such as raw materials and labor.

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent or salaries.

Target Profit

The intended financial gain that a business plans to achieve from its operations or specific ventures.

Customary Pricing

A pricing strategy based on the standard or most common price point for products or services in a particular market or industry.