In Using MUS,once the Auditor Has Determined the Sample Size,which

question 81

Multiple Choice

In using MUS,once the auditor has determined the sample size,which of the following is needed to determine the sampling interval?

• A)Expected misstatement.
• B)Tolerable misstatement.
• C)Population size.
• D)Mean.

---

Definitions:

Active Approach

An active approach in policy-making or investment strategy entails ongoing, deliberate interventions or decisions to achieve specific economic or financial goals.

Potential Output

The maximum level of real GDP that can be produced when all resources are fully employed in an economy, indicating its productive capacity.

Real GDP

The total value of all goods and services produced within a country, adjusted for inflation, providing a more accurate measure of economic performance.

Passive Approach

A Passive Approach refers to a strategy where minimal intervention or action is taken, often relating to investment or policy decisions.