The Least Effective Means of Controlling Non-Sampling Risk Is

question 27

Multiple Choice

The least effective means of controlling non-sampling risk is:

• A)adherence to quality control standards.
• B)increasing the sample size.
• C)adequate supervision.
• D)proper planning.

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Definitions:

High Unemployment

A situation in an economy where the unemployment rate is significantly higher than the historical average.

High Inflation

High inflation is a condition where the general price level of goods and services in an economy rises rapidly over a period, eroding purchasing power.

U.S. Economy

The economic system of the United States characterized by a mixed economy with both private and public enterprises contributing to the gross domestic product (GDP).

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment rates and significant declines in economic activity.