The Unique Feature of Monetary Unit Sampling Is That

question 107

Multiple Choice

The unique feature of monetary unit sampling is that

• A) Sampling units are not chosen at random.
• B) A dollar unit selected in a sample is not replaced before the sample selection is completed.
• C) Auditors need not worry about the risk of incorrect acceptance decision.
• D) The population is defined as the number of dollar units in an account balance or class of transactions.

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Definitions:

Reliability Properties

The consistency and dependability of a measurement or assessment tool across different contexts and times.

True Scores

In psychometrics, the scores that would be obtained with no measurement error, representing the actual level of the attribute being measured.

Measuring Instrument

A device used for obtaining quantitative information about a physical quantity by comparing it to a standard or through calibration.

Coefficient Alpha

A measure of the internal consistency or reliability of a psychometric test score for a sample of examinees.