Which One of the Following Is a Reason for Conducting

question 23

Multiple Choice

Which one of the following is a reason for conducting a census instead of taking a sample?

• A) The sample can save money.
• B) The sample can save time.
• C) The population is difficult to access.
• D) The safety of the consumer.
• E) none of the above

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Definitions:

Incremental Cost Approach

An analysis technique that focuses on the additional costs and benefits associated with a particular decision or project.

Discount Rate

The interest rate used to discount future cash flows of a project or investment to their present value, reflecting the opportunity cost of capital.

Annual Net Cash Inflows

The total cash inflows minus the cash outflows for a business within a one-year period.

Useful Life

The estimated period over which an asset is expected to be usable by a business.