An Advantage of Using Statistical Sampling Techniques Is That Such

question 25

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 precision and reliability required to provide audit satisfaction.
• D)have been established in the courts to be superior to judgmental sampling.

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Definitions:

Enterprise Bargaining Agreements

Enterprise Bargaining Agreements are contracts negotiated between employers and employees at the enterprise level to set terms and conditions of employment.

Government Legislation

Laws and regulations enacted by government bodies that can affect individuals, organizations, and the wider society.

Workplace Agreements

Contracts between employers and employees (or employee representatives) that outline terms and conditions of employment, including wages, working hours, and workplace conditions.