Monetary-Unit Sampling Is Said to Eliminate the Need to Stratify

question 5

Multiple Choice

Monetary-unit sampling is said to eliminate the need to stratify the sample because

• A) Sample items are selected in proportion to their dollar amount.
• B) The risk of incorrect acceptance is inversely related to sample size.
• C) Tolerable misstatement is considered when determining sample size.
• D) The upper limit on misstatements can be computed based on statistical principles.

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Definitions:

Exclusiveness

The state or condition of being exclusive; limiting access or participation to a specific group or individual.

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Strengthening bonds and improving the quality and depth of personal connections.

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A feature or part of something that is advantageous, beneficial, or favorable.