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Commerce Accounting Difficulty: Medium

Expenses incurred during production other than direct materials and direct labour are called . . . . . . . . factory expenses; those charged to production on estimated basis are called . . . . . . . . Which of the following statements relating to the sampling theory are correct? i. The values of the statistical measures based on the sampled units ae called values of statistic. ii. In the simple random sampling technique, the element of the population and the unit of the sample are different. iii. Snow-ball sampling technique is a probability based sampling technique. iv. The 'law of statistical regularity' and the 'law of inertia of large numbers' are the main bases of the sample to become representative of the population. Choose the correct answer from the options given below: The largest segment in the recruitment business is________. Worker's participation implies their right to take part in: "Increased output per unit of human effort through the use of right method, right tool and right procedures" refers to which of the following theory/approach?