Which of the Following Is the Correct Ratio to Use

question 188

Multiple Choice

Which of the following is the correct ratio to use in calculating the dollar value of the population if the auditor is using ratio estimation? Number of Items Audited Value Carrying Amount Sample 300 $500,000 $480,000 Population 3,000 $5,000,000

• A) 0.10
• B) 0.96
• C) 1.04
• D) 10.00

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Definitions:

Integration

The process of combining or coordinating separate parts or entities into a unified whole, often used in business strategies or system functionalities.

Differentiation

The process or strategy of making a product, service, or brand stand out as unique from competitors, often through design, features, or quality.

Organic Structures

An organizational form that is flat, uses low levels of formalization, and fosters the sharing of knowledge and power across levels, promoting flexibility and quick response to changes.

Span of Control

The number of subordinates that a manager or leader can efficiently manage and oversee.