An Accounts Receivable Population Contains a Total of 4 Customers

question 38

Multiple Choice

An accounts receivable population contains a total of 4 customers.The accounts, amounts, and cumulative total are shown in the following table:
$\begin{array}{ccc}\text { Account Number } & \text { Recorded Amount } & \text { Cumulative Total } \\\hline \text { Blue } & \$ 357 & \$ 357 \\\hline \text { Brown } & 281 & 638 \\\hline \text { Grey } & 60 & 698 \\\hline \text { Green } & 574 & 1272 \\\hline\end{array}$
If monetary-unit sampling is used, what is the population size?

• A) 1272
• B) 574
• C) 4
• D) unknown

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Definitions:

Group Development

The process through which a group evolves and progresses in terms of structure, interaction, and achieving collective goals.

Formalization

Formalization refers to the process of defining and instituting formal rules, procedures, and structures within an organization to standardize operations.

Coordination

The act of organizing or aligning activities, tasks, or individuals to operate efficiently towards a common goal.

Advocate

A person who publicly supports or recommends a particular cause or policy, or acts in the defense or support of others.