A Client Has a Small Number of Large Account Balances

question 7

Multiple Choice

A client has a small number of large account balances, with a greater likelihood of over rather than understatement. Which of the following sampling techniques would be most appropriate?

• A) Monetary unit sampling.
• B) Classical variables sampling.
• C) Attribute sampling.
• D) All of the above, depending on the circumstances.

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Definitions:

Directly Beneficial

refers to actions, goods, or services that provide immediate advantages or positive effects to an individual or group.

Planning

The process of defining objectives, developing strategies, and outlining tasks and schedules to achieve the goals of an individual or organization.

Logically and Methodically

A systematic and reasoned approach to problem-solving or task execution, emphasizing order and rational processes.

Sales Presentation

A pitch or demonstration given by a salesperson to show the benefits and features of a product to a potential buyer.