Convenience Sampling Is the Least Expensive and Least Time Consuming

question 85

True/False

Convenience sampling is the least expensive and least time consuming of all sampling techniques.

Understand the process of identity formation and the factors influencing it during adolescence and young adulthood.

Gain insights into the critiques and limitations of foundational psychological theories and developmental models.

Understand the characteristics and composition of planets and celestial bodies in our solar system.

Comprehend the geological features and processes on Mars, including canyon systems, channels, and terrain formation.

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Definitions:

Standard Labour Rate

The predetermined or expected cost per unit of labor, used in budgeting and cost control.

Variable Overhead Efficiency Variance

The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, multiplied by the variable part of the predetermined overhead rate.

Direct Labour Hours

The total hours worked by employees directly involved in producing goods or delivering services, used to allocate labor costs accurately.

Standard Hours Allowed

The time that should have been taken to complete the period’s output. It is computed by multiplying the actual number of units produced by the standard hours per unit.