Which of the Following Best Describes the Distinguishing Feature of Statistical

question 10

Multiple Choice

Which of the following best describes the distinguishing feature of statistical sampling compared with non-statistical sampling?

• A) It provides a means for measuring mathematically the degree of uncertainty that results from examining only part of a population.
• B) It requires the examination of a smaller number of supporting documents.
• C) It is evaluated in terms of two parameters: statistical mean and random selection.
• D) It reduces the problems associated with the auditor's judgment concerning materiality.

Learn how to apply mathematical operations and functions in query criteria and calculations.

Understand the basic principles of accounting information systems.

Recognize the importance and role of input devices and source documents in accounting systems.

Identify the use and purpose of various journals and ledgers in accounting systems.

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Definitions:

Social Media

Digital platforms and technologies that enable users to create, share content, and engage in social networking.

Customer-Support Resources

Refers to the tools, technology, and information available to help service teams manage, deliver, and optimize support for their customers.

Online Reputations

The perception of an individual or entity's character and credibility based on information available on the internet.

Customer Service

Customer Service is the assistance and advice provided by a company to those people who buy or use its products or services.