Random Sampling Can Be Used to Determine Sample Size or Evaluate

question 13

True/False

Random sampling can be used to determine sample size or evaluate sampling results even if the auditor does not plan on using statistical sampling.

---

Definitions:

Extended Problem Solving

A detailed evaluation approach by consumers when faced with significant purchase decisions, involving extensive information gathering and analysis.

Riskiest Decision

A choice or action taken in uncertainty that carries the highest potential for significant negative consequences.

Habitual Purchasers

Consumers who buy the same products or services regularly, often out of routine or loyalty, rather than conscious decision-making.

Store Loyalty

The tendency of customers to continue shopping at the same store or brand rather than switching to competitors.