The Use of Probability-Proportional-To-Size Sampling Would Be Least Likely to Be

question 18

Multiple Choice

The use of probability-proportional-to-size sampling would be least likely to be efficient if:

• A)Commercial receivable accounts are being audited.
• B)Statistical inferences are to be made.
• C)Many accounts are known to be in error.
• D)The population has a high total dollar value.

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Definitions:

Limited Warranty

A warranty that provides coverage with certain conditions and limitations on the duration and scope.

Express Warranties

Explicit promises made by a seller regarding the quality or functionality of the goods being sold.

Advertisements

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UCC

A complete array of regulations for all commercial activities in the United States is outlined by the Uniform Commercial Code (UCC).