Suppose We Select Every Tenth Invoice in a File

question 48

Multiple Choice

Suppose we select every tenth invoice in a file. What type of sampling is this?

• A) Random
• B) Cluster
• C) Stratified
• D) Systematic

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Definitions:

Law of Diminishing Returns

An economic principle stating that, holding all else constant, as one input variable is increased, there is a point at which the marginal per unit output starts decreasing.

Diseconomies of Scale

The phenomenon where an increase in production leads to higher per-unit costs, often due to inefficiencies associated with scale.

Output Units

The measurable quantities or volumes of goods or services produced by a company or industry.