Convenience Sampling Is an Example of

question 109

Multiple Choice

Convenience sampling is an example of

• A)probabilistic sampling
• B)stratified sampling
• C)nonprobabilistic sampling
• D)cluster sampling

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Definitions:

Variable Costing

An accounting method that considers only variable costs in determining the cost of goods sold and evaluates profitability.

Direct Labor Cost

The total cost of wages paid to workers directly involved in the manufacturing or production of goods or services.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period, highlighting its profitability.

Unit Product Cost

The total cost associated with producing and delivering a single unit of product, including direct labor, materials, and overhead.