Which of the Following Is True Regarding Interrogating Frequency Claims

question 14

Multiple Choice

Which of the following is true regarding interrogating frequency claims?

• A)Their accuracy can usually be determined.
• B)The chief concern is to evaluate the sampling technique.
• C)The most important thing to consider is the size of the sample.
• D)Frequency claims cannot be interrogated.

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Definitions:

Gross Profit

The amount by which sales revenue exceeds the cost of goods sold, prior to subtracting expenses such as overheads, payroll taxes, and interest.

Operating Expenses

Costs related to the day-to-day operations of a business, excluding the cost of goods sold.

Net Income

Profit calculated after deducting all operating expenses, interest, taxes, and any other charges from total revenues.

Service Firm

An enterprise offering non-physical products or services to its customers, as opposed to tangible items.