With _____ Sampling Technique, Each Member of the Population Has

question 34

Multiple Choice

With _____ sampling technique, each member of the population has an equal probability of being selected for the sample.

• A)haphazard
• B)cluster
• C)simple random
• D)stratified random

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Definitions:

Current Liability

A financial obligation a company is expected to settle within one fiscal year or its current operating cycle, whichever is longer.

Long-term Debt

Loans and financial obligations lasting more than one year that a company owes to external parties.

Contingent Liability

A potential liability that may become an actual liability in the future.

Warranty Expense

Costs associated with the obligation to repair or replace a product due to defects for a specified period.