Which of the Following Occurs When,based on Sample Results,control Risk

question 117

Multiple Choice

Which of the following occurs when,based on sample results,control risk is assessed excessively high?

• A)Audit inefficiency.
• B)A less expensive audit.
• C)Reduction of substantive testing.
• D)Errors that are more likely to occur than anticipated.

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Definitions:

Total Quality Management

A comprehensive management approach focusing on continuous improvement in all aspects of a business, aiming to ensure high quality in products or services.

Job Control Unionism

A unionism approach focused on managing aspects of work such as hiring, promotions, layoffs, and work rules through collective bargaining.

Worker Control

A form of workplace governance in which employees have a direct say in the management and operational decisions of the organization.

Decision-Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.