Nonsampling Risk Can Occur in Which of the Following Types

question 46

Multiple Choice

Nonsampling risk can occur in which of the following types of sampling plans:

• A)Statistical sampling: Yes; Nonstatistical sampling: Yes
• B)Statistical sampling: Yes; Nonstatistical sampling: No
• C)Statistical sampling: No; Nonstatistical sampling: Yes
• D)Statistical sampling: No; Nonstatistical sampling: No

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Definitions:

Provincial Legislation

Laws and regulations enacted by the legislative bodies of provinces or territories within a federal system, addressing regional matters.

Actual Authority

The express and implied powers given to an agent by a principal, allowing them to make legally binding decisions on the principal’s behalf.

Apparent Authority

Apparent authority refers to a situation where someone reasonably believes another has the authority to act on behalf of an organization due to the organization's actions or communications.

Principal

The primary individual or entity involved in a transaction or contract, or a sum of money lent or invested on which interest is paid.