Which of the Following Is an Advantage of Nonstatistical Sampling

question 35

Multiple Choice

Which of the following is an advantage of nonstatistical sampling?

• A) It measures the audit team's exposure to sampling risk.
• B) It is required by generally accepted auditing standards.
• C) It ensures that samples are randomly selected.
• D) It is typically less complex than statistical sampling.

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Definitions:

Government Intervention

Actions taken by a government to influence or directly regulate various activities within its economic systems.

Taxes

Required financial dues or other levy types enforced on taxpayers by governmental institutions, intended to support government funding and multiple public spending purposes.

Average Price Level

An index that summarizes prices across a variety of goods and services within an economy at a given time, providing a snapshot of overall price trends.

Imports

Goods or services brought into one country from another for the purpose of trade.