Due Their Size, Small Companies Usually Find That the Most

question 75

Multiple Choice

Due their size, small companies usually find that the most difficult internal control principle to implement is

• A) establishment of responsibility.
• B) documentation procedures.
• C) segregation of duties
• D) physical controls.

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Definitions:

Penetration Pricing

A marketing strategy used by companies to attract customers to a new product or service by offering a lower price initially.

Prestige Pricing

A pricing strategy where prices are set higher than normal because the product or service is perceived to have a higher value or status symbol.

Odd Pricing

A pricing strategy that sets prices at odd numbers just below round numbers to make them appear smaller and more appealing to buyers.