Which of the Following Is Not a Characteristic of a Small

question 82

Multiple Choice

Which of the following is not a characteristic of a small local CPA firm?

• A) Most small firms have fewer than 25 professionals.
• B) Small firms perform audits on small and not-for-profit businesses.
• C) Tax services are more important than auditing services to the small firm.
• D) Small firms are prohibited by the SEC from auditing publicly traded companies.

---

Definitions:

Consumer Networks

Consumer networks are social networks formed by individuals who share information, reviews, and experiences about products and services, influencing purchasing decisions.

Consumer-Generated Content

Media content created and shared by consumers about a product or service, including reviews, blogs, and social media posts.

Database Marketing

A form of direct marketing using databases of customers or potential customers to generate personalized communications in order to promote a product or service.

Marketing Strategies

Marketing strategies encompass the comprehensive plans and efforts by businesses to reach potential consumers and convert them into customers of their products or services.