Sampling Which Provides for a Known Non Zero Chance of Selection

question 18

Multiple Choice

Sampling which provides for a known non zero chance of selection is

• A)Probability sampling
• B)Non probability sampling
• C)multiple Choice
• D)analysis

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Definitions:

Long Run

A period of time in economics where all factors of production and costs are variable, allowing for complete adjustment to changes in market conditions.

Fixed Resource

An asset or input whose quantity cannot be altered in the short run for the production of goods and services.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources used by a business, easily identifiable and recorded.

Entrepreneurial Talent

The unique set of skills, insight, and intuition possessed by individuals that enables them to identify and exploit new business opportunities.