Alice Zhong Is the VP of Operations at Pearl Financial

question 42

Multiple Choice

Alice Zhong is the VP of operations at Pearl Financial Services. She wants to measure customer satisfaction after a new website and other changes were introduced a few months ago. For this purpose, she uses random five-digit numbers from the website random.org (which offers true random numbers on the Internet) . This is an example of ___.

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

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material, labor, and overhead costs.

Gross Profit Rate

A financial metric that measures a company's gross profit as a percentage of its net sales, indicating the efficiency of production and pricing.

Cost Of Goods Sold

The costs directly related to the creation of products sold by a company, including expenses for raw materials and wages.

Worksheet

A paper or electronic tool used by accountants to gather information for adjusting entries and preparing financial statements.