While Auditors May Use Either Statistical or Nonstatistical Sampling,some Auditors

question 76

Multiple Choice

While auditors may use either statistical or nonstatistical sampling,some auditors restrict the use of nonstatistical sampling for what reason?

• A)It is less effective.
• B)It is less objective.
• C)It is less efficient.
• D)It is less risky.

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Definitions:

Customer Oriented

A business strategy focusing on creating a positive experience for customers through services and products tailored to their needs and feedback.

Differentiation

The practice of differentiating a product or service to make it appeal more to a specific target audience.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving the deployment of resources and decision-making processes.

Switching Costs

The costs that a consumer or company incurs as a result of changing from one supplier, product, or system to another.