What Type of Sampling Procedure Is Most Useful for Interviewing

question 46

Multiple Choice

What type of sampling procedure is most useful for interviewing widely disperse populations?

• A) stratified
• B) cluster
• C) snowball
• D) probability

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set by assigning weights to each number.

Period Costs

Expenses that are not directly tied to the production process and are accounted for in the period they are incurred, such as selling and administrative expenses.

Weighted Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all units available for sale during the period.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed units to accurately calculate costs.