<u>Principle of internal control </u>does not include application of technological controls
Explanation:
<u>The seven important internal control procedures include separation/segregation of duties/job responsibilities , providing access to various controls, performing physical audits, standardization of documents, trial balances, periodic reconciliations of the financial statements , and approval authority.</u>
Answer:
Firms might maximize revenue by raising price or output
Explanation:
Through marginal analysis it is possible to compare the costs incurred with the benefits obtained from some financial strategies, which enables the company to better analyze its strategy in an attempt to maximize its profitability. Through marginal analysis they can maximize revenue by increasing price or output when price and output need to be determined when there are additional costs related to hiring a new worker.
