Which of the Following Is Not a Valid Advantage for Studying

question 39

Multiple Choice

Which of the following is not a valid advantage for studying a sample rather than an entire population?

• A) Sampling saves the researcher time.
• B) Sampling enables the researcher to get more detailed information about a particular subject.
• C) Sampling is more costly than using the population.
• D) Sampling allows the researcher to obtain information that may not be gained otherwise.

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Definitions:

Absorption Costing

In this accounting procedure, the full scope of manufacturing costs, covering direct materials, direct labor, and both kinds of manufacturing overhead—variable and fixed—is accounted for in the product's pricing.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted; this contribution covers fixed expenses and generates profit.

Absorption Costing

An accounting method that includes all direct costs and allocated overheads in the cost of a product or service, as opposed to variable costing which excludes certain overheads.