Common Problems of Using Lists as Sampling Frames Include

question 82

Multiple Choice

Common problems of using lists as sampling frames include

• A)the list is not up-to-date.
• B)ineligibles are included in the list.
• C)duplicates are included in the list.
• D)some members of the desired population are not on the list.
• E)All of these are common problems of using lists.

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Definitions:

Perpetual Inventory System

An inventory management method where records are continuously updated to reflect buys, sells, and stock levels in real-time.

Gross Method

An accounting practice where discounts for early payment are not considered until they are actually taken by the purchaser.

Credit Terms

Conditions under which credit is extended by a seller to a buyer, including the repayment period, interest rate, and penalties for late payment.

Discounts Lost

Refers to the financial opportunity lost by not taking advantage of discounts offered by suppliers for early payments.