When Auditors Wish to Evaluate a Sample Statistically, an Acceptable

question 23

Multiple Choice

When auditors wish to evaluate a sample statistically, an acceptable selection method is

• A) systematic sample selection.
• B) judgmental selection.
• C) haphazard selection.
• D) block sample selection.

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Definitions:

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in a given timeframe.

Wage Rate

The price of labor per unit of time, typically expressed as an amount of money paid per hour or year.

Efficient Method

An approach or technique that achieves a desired outcome with the least amount of waste, effort, or expense.

Occupational Trends

Patterns or shifts in job growth, decline, or change in different sectors or industries over a period.