Random Selection Involves

question 35

Multiple Choice

Random selection involves

• A) dividing a population into groups of sampling units with similar characteristics.
• B) the selection of a sample without the use of a methodical technique.
• C) the selection of a sample that is free from bias and where each item in a population has an equal chance of selection.
• D) the selection of items that an auditor believes should be included in their sample for testing.

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Definitions:

Long-term Care

Services and support for individuals who cannot perform basic daily activities due to chronic illnesses, disabilities, or the aging process.

Voidable Title

A legal concept that refers to a situation where the transfer of title to property can be invalidated by one of the parties involved, often due to misrepresentation or fraud.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims or defects against it, thereby acquiring legal rights to the property.

Minor

A person under the legal age of majority, often under 18, thus restricted in certain legal capacities.