Which of the Following Most Likely Would Be an Advantage

question 29

Multiple Choice

Which of the following most likely would be an advantage in using classical variables sampling rather than monetary-unit sampling?

• A)An estimate of the standard deviation of the population's recorded amounts is not required.
• B)The auditor rarely needs the assistance of a computer program to design an efficient sample.
• C)Inclusion of zero and negative balances generally does not require special design considerations.
• D)Any amount that is individually significant is automatically identified and selected.

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Definitions:

Behaviorist

a psychologist who focuses on understanding behavior through observable actions and the environment, without emphasizing internal mental states.

False Consensus Effect

Refers to the tendency of individuals to overestimate how much others share their beliefs, attitudes, and behaviors.

Tax Payments

Monetary contributions imposed by governments on individuals or entities, mandatory for financing government activities.

Overestimate

To estimate something to be greater, larger, or more important than it actually is.