There Is a Greater Risk of Defalcation for Cash Than

question 26

Multiple Choice

There is a greater risk of defalcation for cash than for other types of assets because

• A)it is easier to steal.
• B)most other assets must be converted to cash to make them usable.
• C)companies usually have weak internal controls surrounding cash.
• D)most employees have access to cash.

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Definitions:

Penetrating Competitive Markets

The strategy of entering and establishing a presence in markets with high levels of competition.

Managing For Long-Run Profits

A strategic approach that focuses on achieving sustained profitability through customer satisfaction, product quality, and ethical practices over short-term gains.

Immediate Profit

Earnings that are realized right after the completion of a transaction or operation.

Higher Market Share

A situation in which a company or product occupies a larger percentage of the total sales in its market relative to competitors.