The Security of Assets and Documents Would Include All of the Following

question 23

Multiple Choice

The security of assets and documents would include all of the following, except:

• A)Supervisors need to make certain that the assets are being used for their intended purpose.
• B)Designated members of management should be assigned responsibility for the disposal of any assets
• C)Maintaining adequate insurance coverage
• D)Electronic controls are needed to control access to automated records

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Definitions:

Shareholder

An individual or institution that owns one or more shares of stock in a public or private corporation, thus having a financial interest in its profitability and governance.

Corporate Management

The group of individuals responsible for overseeing the operational and strategic direction of a corporation.

Shareholders

People or organizations that possess at least one share in a corporation, thereby holding a stake in the company's ownership.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make governance decisions for a corporation.