Which of the Following Is NOT a Characteristic of Sampling

question 17

Multiple Choice

Which of the following is NOT a characteristic of sampling risk?

• A)To reduce sampling risk,the investigator can increase the sample size.
• B)Sampling risk cannot be quantified,and can only be slightly reduced by careful planning of the sampling procedure.
• C)To reduce sampling risk,the investigator can use a random number table.
• D)In fraud examination,sampling risk can be significant.

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Definitions:

Accounts Receivable

Money owed to a company by its customers from sales or services rendered on credit.

Accounts Payable

Amounts a company owes to suppliers for goods or services that have been received but not yet paid for.

Purchase of Land

The acquisition of land as a fixed asset, recorded at its purchase cost plus any related expenses necessary for its intended use.

Sale of Land

The act of transferring ownership of a parcel of land from one party to another, typically involving a financial transaction.