Which of the Following Statements Is Not True Regarding Variables

question 73

Multiple Choice

Which of the following statements is not true regarding variables sampling?

• A)Two approaches to variables sampling are monetary unit sampling and classical variables sampling.
• B)Both statistical and nonstatistical approaches to variables sampling can be used under GAAS.
• C)The objective of variables sampling is to estimate either the true balance or the extent of misstatement in an account balance or class of transactions.
• D)Variables sampling is appropriate when the distribution of the population is binary in nature.

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Definitions:

Mismatched Expectations

The state of having beliefs or hopes about a situation, event, or relationship that do not align with reality or the understandings of others.

Friendship Repair Rituals

Strategies or actions taken to mend and restore relationships after conflicts, misunderstandings, or disputes.

Acknowledgement

The act of recognizing or admitting the existence, truth, or fact of something.

Reproach

The act of expressing disapproval or disappointment towards someone or their actions.