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By Using Data Analytics Tools,the Auditor Can Potentially Audit the Whole

question 7

True/False

By using data analytics tools,the auditor can potentially audit the whole population rather than taking a sample.


Definitions:

Opportunity Cost

The sacrifice of gains that could have been obtained from alternative choices when one is selected.

Tractors

Farm vehicles designed for high torque at low speeds, used primarily for hauling machinery and trailers in agricultural settings.

Bicycles

Human-powered, pedal-driven vehicles with two wheels attached to a frame, used for transportation, recreation, or sport.

Production

The process of creating goods and services from various input resources like labor, raw materials, and machinery.

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