Which of the Following Is a Disadvantage of Audit Services

question 53

Multiple Choice

Which of the following is a disadvantage of audit services (Table 4.3 in the text) ?

• A)interviewer errors;respondent errors
• B)data is lacking in terms of content,quantity,and quality
• C)data may not be representative;quality of data limited
• D)coverage may be incomplete;matching of data on the competitive activity may be difficult

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Definitions:

Government Quota

A limit set by the government on the quantity of a good that can be produced or imported, often used to protect domestic industries.

Quantity Control

Regulatory measures or policies used to limit the amount of a good or service that is produced or sold in a market.

Medicare Reimbursement

The payments made by the Medicare program to healthcare providers for services rendered to Medicare beneficiaries, based on predetermined rates.

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers, aimed at protecting the earning ability of workers.