Sampling Techniques Are Often Used

question 43

Multiple Choice

Sampling techniques are often used

• A) when the population is too large to be analyzed.
• B) when the population is too small to be accurately analyzed.
• C) when the entire population can be analyzed.
• D) when survey questions are difficult to compose.

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Definitions:

Variable Costs

Costs that change in proportion to the level of activity or volume of goods produced in a business.

Unit Contribution Margin

The dollars available from each unit of sales to cover fixed costs and provide operating profits.

Fixed Costs

Expenses that do not change with the level of production or sales over the short term, such as rent and salaries.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit of a product.