In Attributes Sampling,if the Upper Limit of the Possible Deviation

question 35

True/False

In attributes sampling,if the upper limit of the possible deviation rate exceeds the tolerable rate,the auditor can rely upon the control as being effective.

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Definitions:

Trade Deficit

Occurs when a country's imports exceed its exports, leading to a negative balance in trade.

Balanced Trade

A trade situation in which the value of a country's exports equals the value of its imports over a certain period.

Net Exports

The value of a country's total exports minus the value of its total imports.

Trade Surplus

The amount by which the value of a country's exports exceeds the cost of its imports.