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:

Strike Price

The predetermined price at which an option's underlying asset can be bought or sold.

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares at certain times during its life, usually at the discretion of the bondholder.

Coupon Rate

The annual coupon divided by the face value of a bond.

Conversion Ratio

The number of shares per bond received for conversion into stock.