The Individual Element in a Final Cluster Sample Is Called

question 5

True/False

The individual element in a final cluster sample is called the primary sampling unit (PSU).

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Definitions:

Time Variance

The difference between the actual time taken to perform an activity and the expected or standard time allotted for it.

Direct Labor Hours

A measure of the total amount of time workers spend on direct production activities.

Unfavorable

A term often used in finance and accounting to describe results or variances that are worse than expected or budgeted.

Nonfinancial Performance Measures

Metrics used to assess aspects of an organization's performance that are not directly related to financial outcomes, such as customer satisfaction and employee engagement.