When Using PPS (Probability Proportionate to Size) Sampling, _______

question 148

Multiple Choice

When using PPS (probability proportionate to size) sampling, _______.

• A)the population consists of the class of transactions or the account balance to be tested
• B)the population consists a particular transaction or the account balance to be tested
• C)the population consists of the class of transactions or multiple account balances to be tested
• D)management should be allowed some latitude in selecting which accounts to be sampled

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Definitions:

Labor Productivity

refers to the amount of goods and services produced by one hour of labor.

Profit-sharing Bonuses

A type of incentive where employees receive additional compensation based on the company's profits, encouraging ownership behavior and aligning interests.

Non-management Employees

Individuals within an organization who do not hold managerial or supervisory positions and are responsible for executing tasks and operations as directed by management.

Piece Rate Pay

A compensation system where employees are paid based on the quantity of units they produce or complete.