Which of the following is true of convenience sampling?
A. It is a nonprobability sampling method.
B. It is a time-consuming process if there are a large number of respondents.
C. It allows researchers to measure the representativeness of a sample.
D. It is commonly used in the later stages of research.
E. It allows researchers to generalize the data collected to a defined target population.
Answer: A
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On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Interest Expense $15,351.72; credit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00. B. Debit Interest Expense $15,351.72; credit Premium on Bonds Payable $1,351.72; credit Cash $14,000.00. C. Debit Interest Payable $14,000.00; credit Cash $14,000.00. D. Debit Interest Expense $12,648.28; debit Premium on Bonds Payable $1,351.72; credit Cash $14,000.00. E. Debit Interest Expense $12,648.28; debit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00.
True or False Regardless of your eventual career destination, whether it is accounting or marketing, finance or human resource management, you will find statistics relevant to your field
Indicate whether the statement is true or false
Fris B. Corporation stock is currently selling for $42.86. It is expected to pay a dividend of $3.00 at the end of the year. Dividends are expected to grow at a constant rate of 3% indefinitely. Compute the required rate of return on FBC stock
A) 10% B) 33% C) 7% D) 4.3%
Foote Company recorded a purchase discount of $200 on merchandise the company had purchased on account a few days ago. Foote uses the perpetual inventory system. Which of the following answers reflects the effects of this event on the financial statements? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash FlowA.NA =(200)+200 200 ?NA=NA 200 OAB.NA =(200)+200 200 ?NA=200 NA C.(200)=(200)+NA NA ?NA=NA (200)OAD.(200)=(200)+NA NA ?NA=NA NA
A. Option A B. Option B C. Option C D. Option D