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An Advantage of Using Statistical Over Nonstatistical Sampling Methods in Tests

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An advantage of using statistical over nonstatistical sampling methods in tests of controls is that the statistical methods


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The principle that holds that an acceptance is valid when it is placed in the mailbox, whereas a revocation is effective only when received by the offeree. In some jurisdictions, the mailbox rule has been expanded to faxes.

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An agreement between two or more parties that is enforceable by law, where all parties have agreed to the terms through offer and acceptance.

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The legal ability of a person to enter into a binding contract.

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The process of creating a legally binding agreement between two or more parties.

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