A type II error is _____________.
a) Acceptance of the null hypothesis when it is true
b) Acceptance of the null hypothesis when it is false
c) Rejection of the null hypothesis when it is true
d) Rejection of the null hypothesis when it is false
b) Acceptance of the null hypothesis when it is false
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An auditor selects a sample from the file of shipping documents to determine whether invoices were prepared. This test is performed to assess the assertion of:
A. occurrence. B. completeness. C. authorization and accuracy. D. cutoff.
Which transaction(s) would not be reported in the sales journal?
a. return of merchandise on account; b. cash sales; c. sales on account; d. B & C; e. A & B
Secondary internal sources of data are often not fully exploited by organizations
Indicate whether the statement is true or false
Which of the following best describes the crisis situations involving BP in 2005 and 2006?
A) Stockholders became enraged by the illegal trading of BP's upper level managers. B) The public learned about the improper behavior in the personal lives of BP executives. C) The products developed by BP were marketed despite knowledge of their potential harm. D) Political candidates supported by BP failed to pass significant environmental restrictions. E) Customers realized that their perception of BP as environmentally responsible did not match reality.