Which of the Following Statements Is True with Regard to Sampling

question 61

Multiple Choice

Which of the following statements is true with regard to sampling?

• A)Sampling can only be used in situations in which the population is relatively homogenous in nature.
• B)Sampling is typically more efficient than examining the entire population.
• C)Sampling is typically more effective than examining the entire population.
• D)Sampling should be used when the need for more precise information is important.

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Definitions:

Performance Metrics

Quantitative measures used to gauge an organization's or individual's performance, often in comparison to a standard or benchmark.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other companies to improve performance.

Best Practices

Established methods or techniques that have been proven to lead to superior results and are used as benchmarks.

Governmental Politics Model

A framework analyzing policy decisions as the outcome of bargaining and power struggles among various stakeholders within the government.