Which of the Following Is an Advantage of Systematic Selection

question 64

Multiple Choice

Which of the following is an advantage of systematic selection over random number selection?

• A)It provides a stronger basis for statistical conclusions.
• B)It enables the auditor to use the more efficient "sampling with replacement" tables.
• C)There may be correlation between the location of items in the population,the feature of sampling interest,and the sampling interval.
• D)It does not require establishment of correspondence between random numbers and items in the population.

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Definitions:

Continuous Operations

The assumption that a business will continue its operations into the foreseeable future, not intending to nor expecting to go bankrupt or to significantly alter its operations.

Just-In-Time

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Fixed Cost

An expense that remains constant regardless of the volume of products or services manufactured or distributed.

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.