Systematic Samples Are Less Efficient Than a Stratified Sample

question 55

True/False

Systematic samples are less efficient than a stratified sample.

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Definitions:

Internal Control

Methods and systems put in place by an organization to guarantee the accuracy of financial and accounting data, encourage responsibility, and deter dishonest practices.

Voucher System

A method of accounting in which a record is kept for each transaction, detailing the necessary approvals and documentation.

Source Documents

Original records that provide evidence of financial transactions, such as receipts, invoices, or bank statements.