An Advantage of Using Statistical Sampling Techniques Is That Such

question 23

Multiple Choice

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

• A)Mathematically measure risk.
• B)Eliminate the need for judgmental decisions.
• C)Define the values of the allowance for sampling risk and tolerable misstatement required to provide audit satisfaction.
• D)Have been established in the courts to be superior to judgmental sampling.

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Definitions:

Case Study

A research method involving an in-depth, detailed examination of a subject or its context.

Ideographic Approach

A method focusing on understanding the unique aspects of individual cases or entities, rather than generalizing from group data.

Abnormal Behaviour

Actions or reactions that deviate significantly from what is considered normal or expected within a society or cultural context.

Psychological Variables

Factors that are measured in psychological research, which can influence or define mental processes and behaviors.