A cluster sample is a type of stratified sample that is based on geographical location.
Answer the following statement true (T) or false (F)
True
An example would be sampling voters randomly within random zip codes.
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In which of the following situations would a firm most likely pursue a low-cost leader strategy?
A) There are no competitors in the market and the firm is the market leader. B) The nature of its products does not allow the firm to maintain a volume advantage in the market. C) The company's product is a niche product and appeals to only a few customers. D) The market is quality-sensitive rather than price-sensitive. E) The firm can minimize its operational expenses in order to sell higher volumes of products.
Which of the following statements about the use of scent to change or augment the atmospherics in a store is true?
A. Scents can make customers think they spent a longer time in a store. B. The age of the target market does not affect the way scents are received and decoded. C. The methods used to introduce scent into a store are relatively expensive. D. There are no ethnic differences in the way scents are received and decoded. E. Scents can improve customers' subjective shopping experience.
Why might it be necessary to make adjustments to the accounting system in a firm that adopts JIT?
Which of the following statements is false?
a. The sales volume variance is calculated by multiplying the budgeted sales price by the difference the actual and budgeted sales volume. b. The manager of a profit center is responsible for generating revenue but not for controlling cost. c. The manager of an investment center is responsible for managing both revenue and current expenses. d. The sales price variance is computed by multiplying the actual number of units sold by the difference between actual and budgeted sales price.