A Sampling Technique Used to Reach a Conclusion About a Population

question 34

Multiple Choice

A sampling technique used to reach a conclusion about a population in terms of a rate of occurrence is known as

• A) dollar unit sampling.
• B) random sampling.
• C) attribute sampling.
• D) haphazard sampling.

---

Definitions:

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Spreadsheet

A digital tool that organizes data in columns and rows, commonly used for calculations and data analysis.

Cash Flows

The complete volume of financial transactions entering and exiting a business, with a key effect on its financial fluidity.

Investing Activities

Financial transactions and events related to the acquisition or disposal of long-term assets and investments included in a company’s cash flow statement.