What Is the Primary Drawback with Respect to the Use

question 97

Multiple Choice

What is the primary drawback with respect to the use of sampling?

• A) Individuals may fail to obtain a true understanding of the question they are examining.
• B) The time spent in planning and selecting the sample may exceed the time saved from examining only a subset of the items.
• C) The conclusion reached by examining a sample of items may differ from the conclusion that would be reached if the entire population were examined.
• D) Sampling cannot be used to examine account balances that are material to the financial statements.

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Definitions:

Alfalfa

A perennial flowering plant widely cultivated as fodder for livestock, known for its high nutrient content and nitrogen-fixing ability.

Potato Fields

Agricultural land specifically cultivated for growing potatoes.

Integrated Pest Management

Integrated pest management (IPM) is an ecological approach to controlling pests, using a combination of techniques and strategies to minimize environmental impact and pesticide use.

Crop Losses

Reduction in the expected yield of agricultural products due to factors like pests, diseases, and extreme weather.