________ Requires a Detailed Specification of How the Sampling Design

question 23

Multiple Choice

________ requires a detailed specification of how the sampling design decisions with respect to the population,sampling frame,sampling unit,sampling techniques,and sample size are to be implemented.

• A) Execution of the sampling process
• B) Determination of the sampling frame
• C) Determination of the sample size
• D) Selection of a sampling technique(s)

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Definitions:

Variable Component

The portion of cost or expense that varies directly with changes in output or activity level.

Pre-tax Income

Pre-tax Income is the amount of income earned by a business before any taxes have been deducted.

Contribution Margin

The sum by which the income from sales surpasses variable expenses, showing the extent to which revenue aids in covering fixed costs and generating profit.

High-low Method

A technique used in accounting and finance to estimate variable and fixed costs based on the highest and lowest levels of activity.