A Representative Sample Is One That

question 3

Multiple Choice

A representative sample is one that

• A)contains every possible score on the dependent variable.
• B)accurately reflect the characteristics of the population.
• C)is based on a systematic selection of participants.
• D)is also known as a biased sample.

---

Definitions:

Breakeven Point

The moment when a business's revenues equal its costs, meaning the business is neither making a profit nor a loss.

Fixed Costs

Expenses that do not vary with production volume, such as rent, salaries, and insurance.

Variable Costs

Expenses that change in proportion to the level of production or sales volume, such as raw materials and labor costs.

Personal Selling

A sales method involving direct interaction between a salesperson and a customer to persuade the customer to purchase a product or service.