A Grocery Store Is Interested in Determining Whether Its Customers

question 68

Multiple Choice

A grocery store is interested in determining whether its customers are satisfied with the quality of service provided.To collect the necessary data,interviewers have been hired to stand near the store's exits and to survey customers who have the time and interest to be surveyed.This type of sampling is called:

• A)systematic random sampling.
• B)ratio sampling.
• C)convenience sampling.
• D)stratified sampling.

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Definitions:

Short-Term Investments

Investments that are readily marketable and intended to be converted into cash within the next year or operating cycle, whichever is longer.

Total Current Liabilities

Total current liabilities are the sum of all debts and financial obligations a company owes within the next year.

Discontinued Operations

A segment of a company's business that has been sold or ceased to operate, and its financial results are separately reported from continuing operations.

Book Value

The net value of a company's assets as shown on the balance sheet, calculated as total assets minus intangible assets and liabilities.