Which of the Following Statistical Sampling Methods Is Most Commonly

question 73

Multiple Choice

Which of the following statistical sampling methods is most commonly used to test control procedures?

• A) Variable sampling.
• B) Ratio estimation sampling.
• C) Attribute sampling.
• D) Dollar unit sampling.

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Definitions:

Electronic Fund Transfer Act

A United States federal law designed to protect consumers engaging in electronic transfer of funds.

Transactions

The act of conducting business or other dealings between parties whereby goods, services, or something of value is exchanged.

Depositary Bank

A financial institution that holds and manages the securities of a company, facilitating the exchange of securities and ensuring compliance with the regulations.

Check Collection

The process where banks handle checks from the moment they are deposited until the funds are credited to the depositor's account and debited from the check writer's account.