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Which of the Following Is/are Performed in an Audit of Internal

question 37

Multiple Choice

Which of the following is/are performed in an audit of internal control over financial reporting?

Analyze the impact of market structures on firm competition and profitability, with a focus on perfect competition.
Comprehend the concept of producer surplus and its relation to firm and market economics.
Evaluate the effects of technological innovation and input prices on a firm’s cost curves and optimal output.
Understand the determinants of a firm’s supply curve and the conditions under which it will shift.

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