Which of the Following Describes Sampling Risk

question 5

Multiple Choice

Which of the following describes sampling risk?

• A)The sample will not contain characteristics representative of the population such that inferences made about that population will be incorrect.
• B)The population will not contain characteristics representative of the sample such that inferences made about that sample will be incorrect.
• C)The auditor incorrectly applies sampling methodology.
• D)The sample size will be larger than needed.

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Definitions:

Ethical Decision Making

The method of appraising and selecting from different options in a way that aligns with moral values.

Organizational Decision Making

The process by which organizations analyze problems and make choices that influence their goals and operations.

Code of Ethics

A set of principles and standards that guide the behavior of an individual or organization in a professional context.

Ethical Dilemma

A situation where a difficult choice has to be made between two or more conflicting moral principles.