Assume That the Audit Team Established a Tolerable Rate of Deviation

question 15

Multiple Choice

Assume that the audit team established a tolerable rate of deviation of 5%,an expected population deviation rate of 1%,and desired to control the risk of overreliance to 10%.What is the appropriate sample size in this situation?

• A)77 items.
• B)93 items.
• C)132 items.
• D)124 items.

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Definitions:

Mission Statement

A brief description of a company's fundamental purpose that clarifies its goals and guiding values.

Hexagon of Strategy

A conceptual model that outlines six essential components of strategic planning, including vision, resources, market positioning, competitive advantage, systems, and value proposition.

Differentiation Strategy

A business approach where a company develops products or services that provide unique attributes valued by customers, distinguishing them from competitors' offerings.

Core Competencies

Fundamental strengths and unique advantages that a company possesses, distinguishing it from competitors.