The Decision of a Company to Have a Transfer Agent

question 39

Multiple Choice

The decision of a company to have a transfer agent handle the exchange of shares is related primarily to which functional responsibility?

• A)Authorization.
• B)Custody.
• C)Record-keeping.
• D)Periodic reconciliation.

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Definitions:

Sales Invoice

A paper provided by the seller to the buyer that outlines the goods or services offered, the total due, and the conditions of payment.

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an earlier invoice.

Physical Abuse

Threatening, trying, or hurting a partner using physical force.

Emotional Abuse

Aggressive behavior that threatens, monitors, or controls a partner.