A Basic Principle of Probability Sampling Is That a Sample

question 9

Multiple Choice

A basic principle of probability sampling is that a sample will be representative of the population from which it is drawn if _____.

• A)all members of the population have an equal chance of being selected for the sample
• B)the researcher uses a method of selection based upon convenience
• C)every nth person is selected for the sample
• D)if the researcher follows rules.

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Definitions:

Customer Cost Analysis

An evaluation of the total cost incurred by a business to serve a customer, including product, service, and indirect costs.

Time-Driven Activity-Based Costing

An accounting method that assigns costs to products based on the time employees spend on each activity involved in its production or service.

Order Fulfillment Department

A division within a company responsible for processing and delivering orders to customers.

Customer Cost Analysis

A process that evaluates all costs associated with acquiring and retaining customers, aiming to optimize profitability and identify cost-saving opportunities.