Since Quota Sampling Is a Nonprobability Sampling Method, the Representativeness

question 14

True/False

Since quota sampling is a nonprobability sampling method, the representativeness of the sample can be measured.

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Definitions:

High-low Method

An approach used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.

Utility Cost

The expense incurred for using utilities such as electricity, water, and natural gas in a business operation.

Total Cost

The sum of all costs associated with the production and delivery of a company's products or services, including both fixed and variable costs.

Manufacture Units

The process of converting raw materials into finished goods on a large scale, measured by units produced.