Sampling That Allows Each Person an Equal Opportunity to Be

question 33

Short Answer

Sampling that allows each person an equal opportunity to be selected is called ____________ sampling.

---

Definitions:

Overhead Allocations

The process of distributing indirect costs across various products, services, or departments within a business.

Allocation Base

A criterion or standard used to distribute indirect costs to various cost objects, such as products, services, or departments.

Plantwide Overhead Rate

A single overhead rate applied uniformly to all cost objects throughout an entire plant or facility.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.