Which of the Following Statements Best Expresses the Impact That

question 93

Multiple Choice

Which of the following statements best expresses the impact that the performance of audit procedures has on statistical vs.nonstatistical sampling?

• A)Audit procedures on the sample item will vary as a result of using either statistical or nonstatistical sampling.
• B)The audit procedures will be the same for either statistical or nonstatistical sampling but they must be performed differently for each.
• C)Statistical sampling requires quantitative audit procedures, whereas nonstatistical sampling requires judgmental audit procedures.
• D)Audit procedures on the sample item will not vary as a result of using either statistical or nonstatistical sampling.

---

Definitions:

Tying Contracts

Agreements where the sale of one product (the tying product) is conditional on the purchase of a second, distinct product (the tied product).

Major Industry

Denotes a leading sector of the economy that plays a significant role in economic development, characterized by a high level of output and employment.

Restructuring

The process of reorganizing a company's structure, operations, or finances with the aim of making it more profitable or better organized for its present needs.

AT&T Case

A major antitrust case decided in 1984 that broke up the American Telephone and Telegraph company (AT&T), which had run a domestic telephone monopoly across the entire United States for many decades, into 22 regional telephone operating companies.