Which of the Following Represents the Best Description of the Tolerable

question 132

Multiple Choice

Which of the following represents the best description of the tolerable exception rate?

• A) the highest exception rate the auditor will permit in the control being tested and still conclude it is operating effectively
• B) the highest exception rate the auditor expects to find in the population
• C) the number of exceptions found in the sample divided by the sample size
• D) the highest estimated exception rate in a population at a given estimated population exception rate.

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Definitions:

Highly Cohesive Group

A group characterized by a strong sense of belonging and unity among its members, often leading to higher levels of cooperation and achievement.

Constant Communication

The ongoing exchange of information, thoughts, or messages between individuals or groups, often facilitated by modern technology.

Gustav Le Bon

was a French social psychologist best known for his work on crowd psychology, explaining how an individual's behavior in a crowd differs from their behavior alone.

Primitive Instincts

Basic innate urges or impulses that contribute to one's actions and reactions, often linked to survival and reproductive functions.