Auditing Sampling Is

question 39

Multiple Choice

Auditing sampling is:

• A)the selection of a sample of items from a population so that the auditor expects the sample and evaluation to be representative of the population.
• B)the selection and evaluation of a sample of items from an account so that the auditor expects the sample to be representative of the account.
• C)the selection and evaluation of a sample of items from a population so that the auditor expects the sample to be representative of the population.
• D)the selection and observation of a sample of items from a population so that the auditor expects the sample to be representative of the population.

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Definitions:

Income

The sum of all a household’s wages, salaries, profits, interest payments, rents, and other forms of earnings in a given period of time. It is a flow measure.

Price

The cost at which something is sold or bought, determining the economic transaction between buyers and sellers.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a partially sliced bun as a sandwich.

Hamburger

A popular food item consisting of a cooked patty, usually made from ground beef, placed inside a sliced bun, often served with various condiments and toppings.