A publishing company is conducting research into the nation’s reading habits. It randomlyselects a number of locations from around the country and then interviews everyone who livesin these locations.What is this approach to sampling known as?
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1 .Which of the following are characteristics of management accounting information?(1) Forward looking(2) Legally required(3) Concerned with cost control(4) Follows clearly defined standards
A 1 and 3 only B 2 and 4 only C 1, 3 and 4 only D 1, 2 and 3 only
2 .Which of the following selection methods provide a sample which is representative of apopulation?(1) Cluster(2) Multi-stage(3) Quota sampling(4) Simple random
A 1 and 3 only B 1 and 4 only C 2 and 3 only D 2 and 4 only
3 .Consider the following incomplete statements relating to features of managementinformation:(1) Communicated in writing(2) Presented in report format(3) Supported by calculations(4) Timely and clear to the userWhich of the above are necessary features of useful management information?
A 4 only B 2 and 3 only C 1 and 4 only D 1, 2 and 3 only
4 .Which of the following is an example of a cluster sample?
A Selecting every 20th entry in a membership listing B Taking the name of every company listed in a business telephone directory C Selecting every entry in a telephone directory with the same postal or zip code D Generating a list of numbers by random numbers and matching them to entries in atrade d...
5 .Consider the following statements relating to management information:Statement 1: Management information should have some value otherwise it would not beworth the cost of collecting and communicating itStatement 2: Management information only needs to be accurate enough for its purposeAre the statements TRUE or FALSE?Statement 1 Statement 2
A True True B True False C False True D False False
7 .Which of the following statements concerning management information is/are correct?(1) A user of management information should have all the information he needs to dohis job properly(2) A management information report must be relevant for a variety of purposes(3) A management information report should contain a lot of detail to ensure completeaccuracy
A 1 only B 1 and 2 only C 2 and 3 only D 3 only
8 .The following statements relate to stratified random sampling:(1) Every item in the population has an equal chance of being selected.(2) The sample proportionately represents items in different sub-populations.(3) The sample is more representative of the target populations than the accessiblepopulation.Which of the statements, if any, is true?
A 1 only B 2 only C 3 only D None of them
9 .
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A $0·80 B $1·20 C $1·25 D $2·00
