A Very Small Company Would Have the Most Difficulty in Implementing

question 69

Multiple Choice

A very small company would have the most difficulty in implementing which of the following internal control activities?

• A)Separation of duties.
• B)Limited access to assets.
• C)Periodic independent verification.
• D)Sound personnel procedures.

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Definitions:

Elastic

A measure in economics indicating how much the demand or supply of a good changes in response to a change in price.

Marginal Revenue

The extra revenue gained by selling an additional unit of a product or service.

Economies of Scale

Cost advantages that entities attain due to the scale of operation, with costs per unit of output generally decreasing with increasing scale.