The risk that the decision made based on the sample will differ from the decision made based on the entire population is referred to as
A) Audit risk.
B) Examination risk.
C) Sampling risk.
D) Nonsampling risk.

Question

Quizplus · Accepted Answer

Sampling risk is the risk that the sample selected is not representative of the entire population and therefore leads to incorrect conclusions. The other options (Audit risk, Examination risk, and Nonsampling risk) are not directly related to the risk associated with sampling.

The Risk That the Decision Made Based on the Sample