Each of the elements within the set of all elements that comprise an account balance or a class of transactions is referred to as a ________.
A)sampling unit
B)sample
C)population unit
D)population

Question

Quizplus · Accepted Answer

Population unit refers to each of the elements within the set of all elements that comprise an account balance or a class of transactions. Sampling unit refers to the unit of analysis or measurement selected from the population for the purpose of the sample. Sample refers to the selected subset of the population used to represent the characteristics of the whole population. Therefore, option C is the most appropriate choice. Option D is incorrect as it refers to the entire set of elements being studied, rather than each individual element. Option A is incorrect as it refers to the specific units selected for the sample, rather than the elements themselves. Option B is incorrect as it refers to the selected subset, rather than each individual element.

Each of the Elements Within the Set of All Elements