GSummitt,CPA,performed a Nonstatistical Sampling Plan to Examine the Inventory Balances

question 51

Multiple Choice

G.Summitt,CPA,performed a nonstatistical sampling plan to examine the inventory balances of Hero,Inc.Which of the following methods of sample selection are available to Summitt?

• A) Random and systematic only.
• B) Block and haphazard only.
• C) Any method Summitt believes will result in a representative sample.
• D) Any method where the results can be probabilistically estimated.

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Definitions:

Average Revenue

The amount of money a company makes per unit of goods or services sold, calculated by dividing total revenue by the number of units sold.

Distributed Team

A group of individuals who work together from different geographical locations, often coordinating their efforts through technology.

Computer-based Interactions

Interactions that occur through or with the help of computers, including communication, transactions, or any form of exchange of information digitally.

Informal Group

A team that is unofficial and emerges from relationships and shared interests among members.