What are the two basic approaches to determining sample size?
a. required size per cell and the statistical model
b. accountability and efficiency
c. allowable error and level of confidence
d. level of confidence and the theoretical practice
a. required size per cell and the statistical model
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With a dual purpose test, what is an auditor likely to do?
a. Perform a substantive procedure concurrently with a test of a control. b. Perform a substantive procedure concurrently with a risk assessment test. c. Perform a risk assessment test concurrently with a test of a control. d. None of the above.
The ________ property of linear programming models indicates that the values of all the model parameters are known and are assumed to be constant
A) additive B) divisibility C) certainty D) proportionality
Life insurance proceeds can be directly assigned to beneficiaries, thus passing outside the will
Indicate whether the statement is true or false.
A small company struggling to reach profitability just announced a major new government
contract that will validate its technology and generate revenue for the next several years. The announcement of the contract will A) cause the stock price to decrease because the government usually pays below market price for the goods and services it purchases. B) have no effect on the stock price because the company has not yet paid any dividends. C) cause the stock price to increase because rcs (the required return) is likely to decrease and g (the growth rate in future dividends) is likely to increase. D) cause the stock price to increase because rcs (the required return) is likely to increase.