Discuss the Reasons That Taking a Sample Is Almost Always

question 51

Essay

Discuss the reasons that taking a sample is almost always desirable over taking a census.

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Definitions:

Owners

Owners are individuals or entities that hold legal title to assets, businesses, or property.

Business Entity Principle

The accounting concept that separates the transactions of a business from those of its owners or other businesses.

Operating

Pertaining to the core business functions and activities of an organization that contribute to the production of goods or services.

General Principles

Broad and fundamental guidelines or rules that form the basis for a field of study or profession.