A public accountant examining inventory may appropriately apply sampling for attributes in order to estimate the
A)average price of inventory items.
B)percentage of slow-moving inventory items.
C)dollar value of inventory.
D)physical quantity of inventory items.

Question

Quizplus · Accepted Answer

Sampling for attributes is used to estimate the percentage of items with a specific attribute. In this case, the accountant is examining inventory and may use sampling for attributes to estimate the percentage of slow-moving inventory items, which is an attribute of the inventory items. The other choices are not appropriate for sampling for attributes.

A Public Accountant Examining Inventory May Appropriately Apply Sampling for Attributes