An Auditor Wishes to Estimate Inventory Shrinkage by Weighing a Sample

question 14

Multiple Choice

An auditor wishes to estimate inventory shrinkage by weighing a sample of inventory items.From experience,the auditor knows that a few specific items are subject to unusually large amounts of shrinkage.In using statistical sampling,the auditor's best course of action is to:

• A)Eliminate any of the items known to be subject to unusually large amounts of shrinkage.
• B)Increase the sample size to lessen the effect of the items subject to unusually large amounts of shrinkage.
• C)Stratify the inventory population so that items subject to unusually large amounts of shrinkage are reviewed separately.
• D)Continue to draw new samples until a sample is drawn which includes none of the items known to be subject to large amounts of shrinkage.

Understand the recommended dietary requirements for maintaining a healthy heart.

Identify nutrient deficiencies and their associated health conditions.

Recognize the main dietary sources of essential vitamins and minerals.

Understand the role and sources of energy-providing nutrients.

---

Definitions:

Domestic Output

The sum of the worth of all products and services created inside a nation's boundaries during a certain time frame.

Immigration

The process of permanently settling in a country that is not one's own.

Country A

A placeholder name often used in hypothetical economic models or discussions to refer to an unspecified country.

Business Income

The profit or loss generated from a company's activities after deducting expenses.