The Smaller the Sampling Error, the ______ Representative the Sample

question 15

Multiple Choice

The smaller the sampling error, the ______ representative the sample is of the population.

• A) less
• B) more
• C) same
• D) better

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Definitions:

Purchases Journal

A record keeping document used to note all credit purchases of inventory and other items made by a company.

Establishment of Responsibility

An internal control principle focusing on assigning specific responsibilities to particular employees to reduce errors and fraud.

Segregation of Duties

An internal control measure where no single individual is given too much responsibility in areas of financial reporting, transaction processing, or asset management to prevent fraud and errors.

Documentation Procedures

The methods and practices used for creating, managing, and safeguarding documents within an organization.