Internal Control Over Marketable Securities Is Enhanced When

question 47

Multiple Choice

Internal control over marketable securities is enhanced when:

• A)Securities are held by the cashier.
• B)Securities are registered in the name of the custodian.
• C)Detailed records of securities are maintained by the custodian of the securities.
• D)Custody of securities is maintained by a stockbroker or bank.

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Definitions:

Authoritative

Possessing or exhibiting authority; commanding respect based on competence or expertise.

Temperament

Inherent aspects of an individual's personality, such as mood, disposition, and adaptability, often regarded as innate rather than learned.

Critical Period

A specific time window in developmental psychology during which an organism is particularly susceptible to certain stimuli, which has lasting effects on future development.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, a concept developed in infancy.