Under what circumstances is it desirable to use the finite population correction factor in describing the sampling

Question:

Under what circumstances is it desirable to use the finite population correction factor in describing the sampling distribution of a mean or a proportion?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...