In testing account balances, haphazard sampling is an acceptable method of sampling provided the auditor believes the sample to be which of the following?

a. Statistically sound.
b. Representative of the population.
c. Representative of the sample.
d. In the upper stratum.

b

Business

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A June sale on chocolate eggs, an Easter staple for many people, is an example of which of the following pricing tactics?

a. a promotional allowance b. a functional discount c. a quantity discount d. a seasonal discount

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Which of the following is not a step in the data-preparation process?

A) editing B) select a sampling technique C) transcribing D) data cleaning

Business