Which of the following is not a required assumption for the analysis of variance?
a. The random variable of interest for each population has a normal probability distribution.
b. The variance associated with the random variable must be the same for all populations.
c. At least 2 populations are under consideration.
d. Populations under consideration have equal means.
d
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If auditors conducting attributes sampling found that the entity deviated from a prescribed control in nine of the first 10 items examined, the auditor is most likely to:
A. increase the computed upper deviation rate. B. decrease the tolerable deviation rate. C. increase sample size. D. stop the test and increase control risk.
The percentage-of-sales method leads to a budget set by market opportunities rather than by the availability of funds
Indicate whether the statement is true or false
Materials and supplies that cannot be traced conveniently to specific products are called
a. indirect materials. b. raw materials. c. minor materials. d. direct materials.
Describe the various sections of the statement of cash flows