- Homework Reading Questions The Four types of Economic Systems Explained Multiple Choice Questions: Circle or highlight the correct answer. 1. Which of the following is a characteristic of a traditional economic system? a) Centralized government control over resources b) High levels of surplus and profit c) Reliance on beliefs , customs, and traditions d) Separation of market and state 2. In a command economic system, what is typically controlled by the government? a) Education and healthcare b) Agriculture and farming c) Valuable resources and industrial processes d) Small businesses and private enterprises 3. Which type of economic system is most associated with capitalism? a) Traditional b) Command c) Market d) Mixed 4. What is a common disadvantage of a mixed economic system? a) Lack of technological innovation b) Increasing government control and reduced flexibility c) No separation between market and state d) Dependence on customs and traditions 5. What is a primary advantage of a market economic system? a) Preservation of tradition and customs b) Centralized pricing of goods and services c) Separation of market and government d) Elimination of economic inequality
- where researchers divide the population into specific segments and then select a predetermined number of individuals from each segment C)A technique where the entire population is surveyed D)A method where sampling is done based on the availability of participants 23.In which sampling method are groups divided based on specific characteristics before sampling? A) Cluster sampling B) Simple random sampling C)Stratified random sampling D)Snowball 24.What method involves repeating steps to create smaller sub-groups for data collection? A)Judgmental sampling B)Systematic random sampling C) Multistage sampling D)Stratified random sampling 25.Which sampling method requires the creation of multiple mini-representations of the population for accurate results?A) Simple random sampling B) Stratified random sampling C)Cluster sampling D) Snowball sampling 26.Why do researchers create quotas when using quota sampling?A) To ensure that the sample is as large as possible B) To create a sample that can be generalized to the entire population C) To reduce the cost of the research D) To speed up the data collection process 27. In quota sampling,what is the significance of the researcher's knowledge? A) It determines the sampling interval B) It helps in identifying individuals for sampling D) It ensures every individual has an equal chance of being selected 28. In cluster sampling,how are the population elements typically selected? A) Individually from each stratum B) Randomly selected from existing groups C) Based on specific traits and quotas D) Using a systematic interval 29. Which of the following best describes a key difference between stratified sampling and cluster sampling? A)Stratified sampling selects clusters; cluster sampling selects strata.B) In cluster sampling, elements are selected in aggregates; in stratified sampling , elements are selected individually from each stratum.C)Stratified sampling focuses on cost effectivenes s; cluster sampling focuses on precision. D) Cluster sampling aims to improve representation ; stratified sampling aims to reduce costs. 30. In cluster sampling,when are the population elements selected?A) After being divided into homogeneou groups called strata. B) From aggregates that are randomly selected as clusters. C)Based on specific quotas set by the researcher. D) At regular intervals from a list. 31. How does quota sampling ensure that data can be generalized to the entire population? A) By ensuring each individua has an equal chance of selection. B)'By deciding quotas based on specific traits or qualities.C) By randomly selecting individuals from all strata. D) By selecting intact groups as a whole. 32.Which sampling method relies heavily on the subjective judgment of the researcher? A)Simple random sampling B) Systematic sampling C)Judgmental sampling D) Quota sampling 33. In which sampling method is the final subset determined solely based on the researcher's knowledge? A) Systematic random sampling B) Simple Random C) Stratified random sampling D) Quota sampling 34.Which sampling method involves creating multiple clusters of people from a population,each having an equal chance of being included in the sample? A)Systematic sampling B) Quota sampling C) Cluster sampling D)Simple Random sampling
- the followin? account come frome the Ledger of is nowl compant at Dec. 31 Rolo. Equment bir 88000 Sidrauin? 8000 4 P 22000 Wefexsense 42000 A / R 4000 service Revenue 95000 S. casital 20,000 Wlage paypable 2000 Note Payble 90,000 Utility exsense 3000 Prepaid Insurance 6000 cash 7000 Yleraction sprepaid a trial balance in afood for
- Process Payment Documentation For AcP NAME IDNO. SECTION __ 1. Write True if the statement is correct and write False if the statement is incorrect (2pts.each) 1. Peny cash fund which is part of the total cash balance, is used to handle many types of small payments 2. Companies use similer documents for processing purchase 3. NEOM, (net end of the month) means payment is due within 30 days after the date of the invoice 4. Voucher system is special form of assets and it's payment. 3. A source document is any form of paper record II.Choose the best answer from the given alternatives (2pts) B. The __ includes only those items immediately available to pay obligations. A. Cinth C. Credit card D. Money order 2. The following are electronic payment except A. Credit sand payment B. visa card payment B. maner cand payment C. money order payments 3. Which types of inventory system is updated inventory system? A. Periodic Inventory System B. Process Inventory System B. Perpetual Inventory System C. Contingency Inventory System 4. The shipping cost borne by is purchaser are debited to an account called. A. Transportation out C. Delivery expense B. Transportation In D. All 5. The ownership (title) passes to the buyer when merchandise is delivered to shipper called __ A. FOB shipping point C. Transportation cost B. FOB destination D. Delivery expence 6. Ifthe transportation costs were paid by the seller. the journal entries to record in the se book:
- Process Payment Documentation For AcFn Extension NAME IDNO. SECTION 1. Write True if the statement is correct and write False if the statement is incorrect (2pts.each) 1. Peny cash fund which is part of the total cash balance, is used to handle many types of small payments 2. Companies use similer documents for processing purchase 3. NEOM (net end of the month) means payment is due within 30 days after the date of the invoice 4. Voucher system is special form of assets and it's payment. 3. A source document is any form of paper record. II. Choose the best answer from the given alternatives (2pts) 1. The __ includes only those items immediately available to pay obligations A. Cirsh B. Menter card C. Credit eard D. Money order 2. The following are electronic payment except A. Credit card payment B. visa card payment B. maner cand payment C. money order payments 3. Which types of inventory system is updated inventory system? A. Periodis Inventory System B. Process Inventory System B. Perpetual Inventory System C. Contingency Inventory System 4. The shipping cost bome by a purchaser are debited to an account called. A. Transportation out C. Delivery expense B. Transportation in D. All 5. The ownership (title) passes to the buyer when merchandise is delivered to shipper called __ A. FOB shipping point C. Transportation cost B. FOB destination D. Delivery expence 6. If the transportation costs were paid b the seller, the journal entries to record in the seller book:
