A Sample in Which the Sampling Units Are Chosen from the Population

question 53

Multiple Choice

A sample in which the sampling units are chosen from the population by means of a random mechanism is a:

• A) probability sample
• B) judgmental sample
• C) stratified sample
• D) systematic sample

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Definitions:

SWOT Analysis

A strategic planning tool that helps organizations identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Just-In-Time Manufacturing

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, reducing inventory costs.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Inventory Costs

Inventory costs are expenses related to holding and managing goods for sale, including storage, insurance, and loss from unsold items.