Which of the Following Would Be an Improper Technique When

question 33

Multiple Choice

Which of the following would be an improper technique when using monetary-unit statistical sampling in an audit of accounts receivable?

• A)Combining negative and positive dollar misstatements in the appraisal of a sample.
• B)Using a sampling technique in which the same account balance could be selected more than once.
• C)Selecting a random starting point and then sampling every nᵗʰ dollar.
• D)Defining the sampling unit in the population as an individual dollar and not as an individual account balance.

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Definitions:

Risk-taking

The willingness to engage in actions that involve uncertainty and potential loss in pursuit of potential rewards.

Achievement

Achievement refers to the successful accomplishment of a task or goal, often recognized or rewarded due to the effort, skill, or courage involved in its completion.

Products

Items or services offered for sale, ranging from physical goods to online software, that fulfill the needs or desires of consumers.

VALS Framework

A psychographic segmentation tool that categorizes consumers into eight distinct types based on their values, attitudes, and lifestyles.