One of the Causes of Non-Sampling Error Is

question 29

Multiple Choice

One of the causes of non-sampling error is:

• A) the use of inappropriate or ineffective audit procedures.
• B) the use of attributes sampling instead of variables sampling.
• C) failure to draw a random sample.
• D) failure to draw a representative sample.

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Definitions:

Graphing Calculator

An electronic device capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay, indicating the benefit consumers receive from purchasing at a market price lower than their maximum willingness to pay.

Ice Cream Cones

Frozen dessert treats served in a conical wafer, typically made by filling the cone with scoops of ice cream from one or more flavors.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.