Attribute Sampling Is Used in Which of the Following Situations

question 103

Multiple Choice

Attribute sampling is used in which of the following situations?

• A) Testing rates of deviations of controls.
• B) Testing the reasonableness of account balances.
• C) Need to estimate some amount.
• D) Both A and B.

---

Definitions:

Administrative Problems

Challenges or obstacles that occur in the management, organization, or operation of a business or any institutional setup.

Tax Basis

The value of an asset for tax purposes, used to calculate depreciation, amortization, and gains or losses on the sale of the asset.

Market Value

The present rate at which a product or service can be purchased or sold in the market.

Residual Dividend Policy

A strategy where a company pays dividends out of the residual or leftover equity once all project capital requirements are met.