The Principle of Establishing Responsibility Does Not Include

question 215

Multiple Choice

The principle of establishing responsibility does not include

• A) one person being responsible for one task.
• B) authorization of transactions.
• C) independent internal verification.
• D) approval of transactions.

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Definitions:

Initial Public Offering

The first sale of stock by a private company to the public, typically used to raise capital for expansion.

Common Shareholder

A common shareholder is an individual or entity that holds common stock in a corporation, granting them voting rights and a share in the company's profits through dividends.

Declare Dividends

The action by a company's board of directors to distribute a portion of the company’s earnings to its shareholders.