When a person knowledgeable on the subject of the study selects units that he or she feels are most representative of the population, the approach is called
a. stratified sampling

An auditor identified a material weakness in internal control in December. The client was informed and the client corrected the material weakness shortly after year-end (December 31); the auditor agrees that the correction eliminates the material weakness as of January 31. The appropriate audit report on internal control under PCAOB standards on reporting on internal control is:

A. Adverse. B. Unqualified C. Unqualified with explanatory language relating to the material weakness. D. Qualified.

Over the long term, the capital gain on most stocks will exceed the dividend income

Indicate whether the statement is true or false.