A Random Sample Is One in Which

question 86

Multiple Choice

A random sample is one in which

• A)every member of the target population has an equal chance of participating.
• B)people who happen to be available are used.
• C)no plan is used for recruiting participants.
• D)persons with required characteristics are selected.

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Definitions:

Average Payment Period

The average time it takes a company to pay off its accounts payable.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Average Sales Period

The average amount of time it takes for a company to sell its inventory, which can reflect its inventory management efficiency.

Liquidity

The ability of an entity to quickly convert its assets into cash or to pay off its current liabilities.