OC's 06.03.24 meeting

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Questions and Answers

How much are cases rank A worth?

  • More than 1.5 mill
  • 1 million or more (correct)
  • 250,000- 1 mill
  • 500,000- 1 mill

How much are cases rank B worth?

  • 250,000-999,999 (correct)
  • 500,000-999,999
  • 150,000-300,000
  • 100,000-500,000

How much are cases rank C worth?

  • 50,000-100,000
  • 100,000-250,000 (correct)
  • 100,000
  • 15,000-25,000

How much is a case rank A worth compared to a rank F?

<p>66.66 (C)</p> Signup and view all the answers

Why do we have several lines of auditing on a high value case?

<p>Because making a mistake will impact the value of the case and as a consequence, we lose money (C)</p> Signup and view all the answers

Which of the following is an example of qualitative data?

<p>The color of a car. (C)</p> Signup and view all the answers

Which of the following is a characteristic of quantitative data?

<p>It involves numbers and can be measured. (C)</p> Signup and view all the answers

A researcher is conducting a study on customer satisfaction at a local restaurant. They collect the following types of data:

Customer satisfaction ratings on a scale from 1 to 10. Written comments from customers about their dining experience. The number of times each menu item is ordered.

Which of the following statements correctly classifies the data types collected?

<p>Written comments and the number of times each menu item is ordered are quantitative data; customer satisfaction ratings are qualitative data. (D)</p> Signup and view all the answers

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