In Monetary Unit Sampling,a Sampling Interval of 900 Means That

question 60

Multiple Choice

In monetary unit sampling,a sampling interval of 900 means that:

• A) every 900^th item will be selected.
• B) every 900^th dollar in the account will be sampled.
• C) expected misstatement is 900.
• D) tolerable misstatement is 900.

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Definitions:

Axes

Refers to imaginary lines used to determine positions or movements in mathematical and physical contexts, or to various categories or dimensions used for analysis in social sciences.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving widespread technological innovation.

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist known for his theories about capitalism and communism.