Below Is a Listing of Major Steps in the Sampling

question 34

Short Answer

Below is a listing of major steps in the sampling process.Indicate,using the correct letter,the phase in which each step belongs.Each phase may be associated with more than one step.
A.Planning.
B.Performing.
C.Evaluating.1___.Determine the sample size.2___.Determine the objective of sampling.3___.Evaluate the sample results.4___.Define the population.5___.Measure sample items.6___.Select sample items.7___.Define the characteristic of interest.

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Definitions:

Average Operating Assets

Average operating assets are calculated as the average total assets used in day-to-day operations over a specified period, typically used in performance measurement.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Units per Year

A measure of production output or activity volume, indicating the number of units produced or sold within a year.

ROI Computation

The calculation of Return on Investment, which measures the gain or loss generated on an investment relative to the amount of money invested.