A sampling procedure in which each element of the population has a fixed probabilistic chance of being selected for the sample is called ________
A) probability sampling
B) nonprobability sampling
C) quota sampling
D) snowball sampling
E) window sampling
A
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Traditionally economists identified four main types of economic systems. However, due to globalization it is harder to categorize the systems this narrowly. What will be more robust descriptive criteria that can be used for classification?
What will be an ideal response?
Having just spent $1,500 for a new engine for his old car, Danilo now learns his transmission needs to be replaced. He decides to junk the car now, rather than repair it. Danilo has avoided the __________ bias.
A. anchoring and adjustment B. confirmation C. availability D. representativeness E. escalation of commitment
When preparing the Statement of Owner's Equity the beginning balance should be followed by ____ to arrive at the ending balance of owner's equity
A) investments plus net income (loss) B) investments less withdrawals C) net income (loss) less withdrawals D) investments plus net income (loss) less withdrawals
The product in the marketing mix:
a. includes point of purchase. b. includes company image. c. includes personal selling. d. includes pricing.