THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 101

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A supermarket chain has 25 stores in the North,30 in the South,50 in the Midwest,and 35 in the West.Using a proportional allocation of a random sample of 30% of the outlets,the manager records the following means and standard deviations.

-Quota sampling is an example of a:

• A)probabilistic sampling technique.
• B)stratified sampling technique.
• C)nonprobabilistic sampling technique.
• D)cluster sampling technique.

Apply break-even analysis to multi-product scenarios, including calculating sales mix and contribution margins.

Calculate and interpret operating income changes based on projected sales increases and operating leverage.

Understand the function and classification of support departments within an organization.

Comprehend the principles of applying overhead costs in product costing.

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Definitions:

Variable Costs

Expenses that change in proportion to the level of production or sales volume, such as raw materials and labor costs.

Personal Selling

A sales method involving direct interaction between a salesperson and a customer to persuade the customer to purchase a product or service.

Extend Credit

The act of allowing a customer to purchase goods or services now and pay for them later.

Public Relations

A strategic communication process that builds mutually beneficial relationships between organizations and their publics.