Albert Abbasi, VP of Operations at Ingleside International Bank, Is

question 93

Multiple Choice

Albert Abbasi, VP of Operations at Ingleside International Bank, is evaluating the service level provided to walk-in customers.Accordingly, he plans a sample of waiting times for walk-in customers.Albert randomly selects 4 as a starting point and instructs his staff to record the waiting times for the 4th walk-in customer and every 10th customer thereafter (4, 14, 24, etc.) .Albert's sample is a ________.

• A)simple random sample
• B)cluster sample
• C)convenience sample
• D)stratified sample
• E)systematic sample

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Definitions:

Contingent Liability

A potential financial obligation that may occur in the future, depending on the outcome of a specific event.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Social Security Tax

A tax that funds the Social Security program, which provides benefits for retired workers, disabled individuals, and their dependents.

Fiscal Year-End

The completion of a one-year, or 12-month, accounting period, after which a company will prepare financial statements.