Which of the Following Best Describes Nonprobability Samples

question 41

Multiple Choice

Which of the following best describes nonprobability samples?

• A)require more expensive marketing research than probability sampling
• B)include any sample in which little is done to obtain a representative cross-section of the population
• C)must be, by definition, representative of the population
• D)often start out with random numbers to ensure selection of subjects is truly random

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Definitions:

Ending Inventory

The total value of all products, goods, and materials in stock at the end of an accounting period.

Interim Financial Statements

Financial reports covering a period of less than a full fiscal year, often quarterly.

Full Disclosure

A principle requiring that all material facts and information related to financial transactions be disclosed in financial statements.

Conservatism Principle

An accounting principle that advises reporting expenses and liabilities as soon as possible, but revenue only when it is ensured.