Which of the Following Statements Is False

question 27

Multiple Choice

Which of the following statements is false?

• A) Predictive analytics attempts to find hidden patterns or variables.
• B) Regression allows an auditor to predict a specific dependent value based on independent variable inputs.
• C) Classification in auditing is mainly focused on risk assessment.
• D) Monetary unit sampling is more likely to pull accounts with small balances.

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Definitions:

Lorenz Curve

A graphical representation showing the distribution of income or wealth within a society, indicating inequality.

Income Inequality

The uneven distribution of income within a population, often measured by various statistical means.

Empirical Data

Information obtained through observation or experimentation that provides evidence or insight into a phenomenon.

Degree Of Inequality

A measurement reflecting the uneven distribution of income, wealth, or resources among participants in a given economy or society.