Use the Following to Answer Questions 16-18

question 15

Short Answer

Use the following to answer questions 16-18:
In each set, match a concept from Group A to a definition or example from Group B.
-Probability Sampling Methods
Group A
1. Simple random sampling
2. Systematic random sampling
3. Cluster sampling
4. Stratified random sampling

Group B
a. Elements are selected by choosing every nth element on the sampling frame after a random starting point
b. Groups are randomly selected, and then elements are randomly selected from those groups
c. Elements are selected by use of a random number table
d. Sub-groups within the population are identified as sharing some characteristic, and elements are randomly selected from with those sub-groups
e. Every other element is selected from the sampling frame until the sample size has been reached

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Definitions:

Variable Expense Ratio

A financial metric that represents the proportion of variable expenses to sales revenue, indicating how much variable costs change in response to sales activity.

Break-even Point

The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.

Degree of Operating Leverage

A measure indicating how much sales revenue will translate into changes in operating income due to the proportion of fixed and variable costs.

Contribution Format Income Statement

An income statement format that segregates fixed and variable costs, directly showing the contribution margin.