Which Statement LEAST Accurately Describes Conditions for Systematic Sampling

question 7

Multiple Choice

Which statement LEAST accurately describes conditions for systematic sampling?

• A) The characteristics of the population frame must be considered when the researcher defines the sample size.
• B) This design requires drawing every nth element in the population, starting with a randomly chosen element.
• C) The sample size should be determined before the sampling begins.
• D) The starting point for drawing the sample will have no influence on the accuracy of the sample.

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Definitions:

Contribution Margin

The amount by which sales revenue exceeds variable costs, used to cover fixed costs and contribute to profit.

Incremental Manufacturing Cost

The additional costs incurred to produce an additional unit of product, including materials, labor, and overheads.

Product Costs

Product costs are the costs directly associated with the production of goods, including direct materials, direct labor, and manufacturing overhead.

Period Costs

Expenses that are not directly tied to the production of goods, such as administrative and selling expenses, and are expensed in the period they are incurred.