You Are Determining the Significance of the Following: You Set

question 71

Multiple Choice

You are determining the significance of the following: you set a 5% risk of assessing control risk too low and your computation of the upper deviation risk is 7%.What could you conclude?

• A)There is a 95% chance the deviation rate is the population is less than 5%.
• B)There is a 5% chance the deviation rate in the population is less than 7%.
• C)There is a 95% chance the deviation rate in the population exceeds 95%.
• D)There is a 5% chance the deviation rate in the population exceeds 7%.

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Definitions:

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, typically identified as product, price, place, and promotion.

Corporate Social Responsibility

An approach to business that involves incorporating considerations of the environment and social issues into operational processes and stakeholder interactions.

Environmentalism

The concern for and action towards protecting the environment against pollution and exploitation, aiming at promoting sustainability.

Stakeholders

Stakeholders are individuals, groups, or organizations that have an interest, concern, or stake in a project, decision, or outcome, and whose inputs can affect or be affected by that project.