A Most Important Part of Audit Sampling Is

question 27

Multiple Choice

A most important part of audit sampling is:

• A) sample selection.
• B) evaluating the results.
• C) performing the audit procedures.
• D) all of the above

---

Definitions:

Operating Expense

ongoing costs for running a product, business, or system.

Operating Profit

The earnings of a business from its core operations, excluding the effects of interest and taxes.

Mark-up

The surplus added onto the base cost of products intended to cover operational costs and generate profit.

Unit Cost

The financial outlay required for the production, storage, or acquisition of an individual product or service unit.