Sampling Is Based Upon Judgment or Convenience in a _____

question 23

Multiple Choice

Sampling is based upon judgment or convenience in a _____.

• A)probability (random)sample
• B)nonprobability sample
• C)telephone survey
• D)simulation

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Definitions:

Fixed Cost Per Unit

A financial metric that represents the total fixed costs divided by the number of units produced. It decreases as production increases.

Variable Cost

A cost that varies in direct proportion to changes in the level of production or sales volume.

Cost Driver

A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.

Indirect Materials

Small items of material such as glue and nails that may be an integral part of a finished product, but whose costs cannot be easily or conveniently traced to it.