Which of the Following Least Reflects the Purpose of a Business

question 9

Multiple Choice

Which of the following least reflects the purpose of a business rule in the conversion process?

• A)Segregating authorizing,issuing,and conversion work duties.
• B)Limiting who can view and change records in the system.
• C)Return defective items to suppliers promptly.
• D)Assuring that all products meet quality standards.

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Definitions:

Risky Asset

A financial instrument whose future returns are uncertain and subject to a wide variety of outcomes.

Capital Allocation Line

A graphical representation used in finance to show possible rates of return for portfolios with different levels of risk.

Lending Rate

The interest rate charged by banks on loans extended to clients.

Borrowing Rate

The interest rate that a borrower is charged for the use of borrowed funds, typically expressed as an annual percentage.