Which of the Following Statements Is Correct When Dealing with Sampling

question 7

Multiple Choice

Which of the following statements is correct when dealing with sampling for exception rates?

• A) The term exception refers to both deviations from the client's control procedures and amounts that are not monetarily correct.
• B) When used with sampling, the term deviation is synonymous with the term exception.
• C) The actual population exception rate is the same as the sample exception rate.
• D) In using audit sampling for exception rates, the auditor is most concerned with the confidence interval.

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Definitions:

Self-regard

A psychological term that describes a person's overall subjective emotional evaluation of their own worth.

General Mood Competency

The ability to effectively manage and influence one's emotional state and outlook.

Flexibility

The willingness and ability to adapt to new situations or changes in one's environment.

Independence

The state or quality of being self-sufficient and not dependent on external support or control.