The Auditor Must Deal with Layers of the Computed Upper

question 126

Multiple Choice

The auditor must deal with layers of the computed upper deviation rate (CUDR) from the attributes table because there are different error assumptions for each error.Assume a sample of 100 had found 1 error, and the computed upper deviation rate is shown in the following table:

What is the CUDR layer for the first mistake?

• A) 6.1%
• B) 1.5%
• C) 3.8%
• D) 2.3%

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Definitions:

Marginal Revenue

Marginal revenue refers to the additional income generated from selling one more unit of a product or service.

Marginal Cost

The cost of producing one additional unit of a product, which varies depending on the level of production.

Cover Charge

A fee that patrons are required to pay upon entry to a bar, nightclub, or restaurant, typically to cover entertainment expenses.

Hank's Honkytonk

A fictional or specific bar or entertainment venue, often associated with country music and dancing.