A Disadvantage of Using a Systematic Random Selection Procedure Is

question 117

Multiple Choice

A disadvantage of using a systematic random selection procedure is that

• A) This type of procedure does not permit the auditor to measure the exposure to sampling risk.
• B) This type of procedure does not make all items available for selection.
• C) This type of procedure requires that the population be arranged in a random order.
• D) This type of procedure provides the auditor a higher level of exposure to nonsampling risk compared to other selection procedures.

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Definitions:

Exclusive Representation

A labor relations principle where a duly elected union is the sole body that can negotiate on behalf of all employees in a bargaining unit, regardless of their union membership.

Voluntarism

The principle of relying on voluntary action and organizations to address issues and needs in society, rather than on governmental intervention.

International Trade

The exchange of goods, services, and capital across international borders or territories, influenced by trade agreements and regulations.

Cross-border Flow

The movement of goods, services, capital, or labor across national borders, highlighting aspects of globalization and international trade.