An Advantage of Using Statistical Sampling Techniques Is That Such

question 48

Multiple Choice

An advantage of using statistical sampling techniques is that such techniques:

• A) eliminate the need for judgemental decisions.
• B) mathematically measure risk.
• C) have been established in the courts to be superior to judgmental sampling.
• D) define the values of precision and reliability required to provide audit satisfaction.

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Definitions:

Establish And Maintain

The process of creating and consistently upholding a certain level of performance or quality in a given context.

High Standards

A term denoting the setting of ambitious goals or criteria for performance, aimed at achieving superior outcomes.

Customer Relationship Management

A strategy for managing an organization's interactions with current and potential customers, often using data analysis to study large amounts of information.

Lasting Relationships

Long-term associations formed between individuals or organizations based on trust, mutual benefits, and shared values.