Which of the Following Sample Planning Factors Would Influence the Sample

question 25

Multiple Choice

Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific account?

• A)Expected amount of misstatement but not the measure of tolerable misstatement.
• B)Expected amount of misstatement and the measure of tolerable misstatement.
• C)Measure of tolerable misstatement but not the expected amount of misstatement.
• D)Neither the expected amount of misstatement nor the measure of tolerable misstatement.

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Definitions:

Mass Service

A type of service operation characterized by serving a large number of customers with standardized services, often with little to no customization.

Service Factory

A business model that combines production and service provision, focusing on delivering manufactured goods along with value-added services.

Tight Quality Control

Rigorous and stringent monitoring and verification of products or services to meet specified quality standards.

Information Technology

The study or use of systems (computers and telecommunications) for storing, retrieving, and sending information, playing a critical role in modern organizations.