In Performing Tests of Controls Over Authorization of Cash Disbursements,which

question 3

Multiple Choice

In performing tests of controls over authorization of cash disbursements,which of the following statistical sampling methods would be most appropriate?

• A)Variables.
• B)Stratified.
• C)Ratio.
• D)Attributes.

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Definitions:

Original Owners

The first owners or proprietors of an asset or property.

New Crankshaft

A component of an engine which translates the linear motion of pistons into rotational motion, with the term specifically referring to a brand-new or freshly manufactured crankshaft.

Used Cars

Used cars that were once registered and are now on the market for purchase, typically at a reduced cost compared to brand-new vehicles.

Marginal Products

The additional output obtained by employing one more unit of a certain input while keeping other inputs constant.