When Using a Statistical Sampling Plan,the Auditors Would Probably Require

question 25

Multiple Choice

When using a statistical sampling plan,the auditors would probably require a smaller sample if the:

• A)Population increases.
• B)Tolerable misstatement decreases.
• C)Desired risk of incorrect acceptance increases.
• D)Expected deviation rate increases.

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Definitions:

Motor Load

The amount of power a motor needs to perform its task, reflecting the mechanical demand placed on it.

Automatic Restart

A feature in machinery that allows it to automatically resume operation after an interruption or stop.

Power Outage

A power outage is the loss of the electrical power supply to an area, can be due to various reasons like storms, faults in the electrical system, or maintenance work.

Manual Motor Starters

Electrical devices designed to manually start and stop motors, providing protection against overload and short circuits.