Sampling Errors Can Be Decreased by

question 40

Multiple Choice

Sampling errors can be decreased by

• A) decreasing the number of observations.
• B) increasing the sample size.
• C) providing better training for interviewers.
• D) improving the data collection method.
• E) using a quota sample.

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Definitions:

Economies of Scale

Cost benefits that organizations acquire by scaling up their operations, wherein the cost for each unit produced tends to fall as the scale of operation enlarges.

Min Per-unit Costs

The lowest possible cost of producing one unit of good or service, achieved through efficient use of resources and optimal production scale.

Employee Shirking

Refers to employees putting in less effort than agreed upon or expected, often when they believe their lack of effort will not be noticed or punished.