Which of the Following Is an Advantage of Systematic Selection

question 64

Multiple Choice

Which of the following is an advantage of systematic selection over random number selection?

• A)It provides a stronger basis for statistical conclusions.
• B)It enables the auditor to use the more efficient "sampling with replacement" tables.
• C)There may be correlation between the location of items in the population,the feature of sampling interest,and the sampling interval.
• D)It does not require establishment of correspondence between random numbers and items in the population.

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Definitions:

Liability Account

An accounting ledger that shows the debts or obligations of a business, indicating amounts owed to creditors.

Cash Received

This term refers to the amount of money received by a business during a specific period, from various sources like sales, loans, or investments.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Current Liabilities

Obligations or debts that a company is expected to pay within one year, such as accounts payable and short-term loans.