Which One of the Following Is Not a Typical Step

question 86

Multiple Choice

Which one of the following is not a typical step used to implement an attribute sampling plan?

• A) Define the attributes of interest and what constitutes failure(s).
• B) Select and test the sample items.
• C) Evaluate the sample results.
• D) Define the non-statistical sampling method that is most effective and efficient.

---

Definitions:

Vertical Analysis

A method of financial statement analysis in which each entry is listed as a percentage of another item, frequently used to review relative sizes of account entries.

Total Assets

The sum of all resources owned by an entity, including cash, investments, property, and equipment, which are expected to provide future economic benefits.

Liabilities

The rights of creditors that represent debts of the business.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholder’s equity or owners' equity.