Which of the Following Statements Is Not Correct

question 147

Multiple Choice

Which of the following statements is not correct?

• A) There are many ways an auditor can accumulate evidence to meet overall audit objectives.
• B) Sufficient appropriate evidence must be accumulated to meet the auditor's professional responsibility.
• C) It is appropriate to minimize the cost of accumulating evidence.
• D) Gathering evidence and minimizing costs are equally important considerations that affect the approach the auditor selects.

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Definitions:

Behavioral Segmentation

The process of dividing a market into groups based on consumer behaviors and patterns.

Consumer Markets

A sector where businesses sell products or services directly to individuals for private and household use, creating demand for various goods.

Behavioral Characteristics

Attributes that describe patterns of action and reaction of individuals or groups, often used in studying consumer behavior, employee performance, and social interactions.

Demographic Segmentation

The process of dividing a market into segments based on demographic factors such as age, gender, income, education, or ethnicity.