When Testing the Safety of Cars Using Crash Tests,a Sample

question 20

Multiple Choice

When testing the safety of cars using crash tests,a sample of one or two cars is used because ________.

• A)sampling is more accurate
• B)cars are destroyed
• C)it is quicker
• D)the population is very large

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Definitions:

Minimum Required Return

The smallest return on investment that an investor is willing to accept, considering the risk associated with the investment.

Cost Center

A department or segment within a company where costs can be allocated, but that does not directly contribute to profit, primarily used for budgeting and control purposes.

Investment Center

A business unit or division that is responsible for its own revenues, expenses, assets, and returns, and is evaluated on its profitability and efficiency in using its assets.

Profit Center

A department or unit within an organization that is responsible for generating revenue and is evaluated based on its profitability.