Larry Has to Interview 20 People Who Are Not Part

question 57

Multiple Choice

Larry has to interview 20 people who are not part of the college community for his marketing research class project and decides to use his relatives and their neighbours.What type of sample is this?

• A) representational
• B) random
• C) convenience
• D) probability

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Definitions:

Fair Value

The agreed-upon price for transferring ownership of an asset or the cost to pass on a liability in a formalized exchange within the marketplace at the time of measure.

Maintenance Expenditures

Funds spent on keeping property, equipment, or machinery in operating condition.

Legal Provisions

Conditions or requirements stated in legal documents, such as laws or contracts.

Equity in Subsidiary Earnings

The portion of income attributable to the parent company from its investment in subsidiaries, after intercompany transactions have been eliminated.