Which of the following does not characterize stratified sampling?
a. The population is divided into strata that are distinct.
b. The population is divided into strata that are mutually exclusive and exhaustive.
c. The population is divided into strata that are homogenous.
d. The population is divided into strata that are heterogenous.
D
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Which of the following is true of goods?
a. They can be produced in a centralized location and be consumed in decentralized locations. b. They tend to be less tangible than services. c. They need to be produced, sold, and consumed at the same time as they are highly perishable. d. They tend to be less standardized and uniform than services.
The ________ is a federal law enacted in 1970 to promote safety in the workplace
A) Occupational Safety and Health Act B) Fair Labor Standards Act C) Family and Medical Leave Act D) Employee Retirement Income Security Act
An arm's length transaction is one in which the parties owe each other no special duties and each is acting in his or her self-interest
a. True b. False Indicate whether the statement is true or false
Total industry profits reach their maximum during the ________ stage of the product life cycle.
A. market growth B. market maturity C. market development D. sales decline E. market introduction