What Is the Primary Drawback with Respect to the Use

question 78

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 savings 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:

Expectations

The beliefs or hopes regarding what is possible or likely to happen in the future.

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.

Professional Behavior

Conduct or actions that are appropriate and expected in the workplace, characterized by respect, competence, and adherence to ethical standards.

Self-Talk

Internal dialogue, consisting of thoughts or verbalizations that individuals have with themselves.