When Stratifying the Population,the Characteristics Should Be as

question 94

Multiple Choice

When stratifying the population,the characteristics should be as

• A)close in value as possible within each strata.
• B)far apart in value as possible between any two strata.
• C)far apart in value as possible within each strata.
• D)Both b and c.
• E)Both a and b.

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Definitions:

Petty Cash

A modest sum of money maintained in reserve for small, unplanned costs.

Journal Entry

A record in the accounting journal that represents a transaction and shows the debits and credits to various accounts.

Petty Cash Account

A small fund kept on hand for minor, incidental expenses.

Debit Memorandum

A document or entry recorded to reflect an adjustment or correction, usually increasing the amount a buyer owes to a seller.