A Sampling Procedure That Assures Each Element in the Population

question 33

Multiple Choice

A sampling procedure that assures each element in the population of an equal chance of being included in the sample is called:

• A)simple random sampling
• B)primary random sampling
• C)primary sampling
• D)stratified sampling

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Definitions:

Accrual-based Net Income

The net income calculated under the accrual basis of accounting, where revenues and expenses are recorded when earned or incurred, not necessarily when cash is received or paid.

Domestic Corporations

Corporations that are incorporated and operate within the same country.

Noncontrolling Interest

A shareholder's equity in a corporation that doesn't give the shareholder a controlling interest, representing a share of equity and earnings not owned by the parent company.

Net Income

The total earnings or profit of a company after subtracting all expenses, including taxes, from its revenues.