Control Activities

question 45

Multiple Choice

Control activities:

• A) are the efforts to develop strategic plans for an organization.
• B) are needed more by domestic companies than international companies.
• C) should be linked to evaluation and reward systems.
• D) none of the above.
• E) two of A, B, and C.

---

Definitions:

Face Value

The nominal value of a security stated by the issuer, typically found on bonds and stock certificates.

Invoice Price

The price that a retailer, dealer, or distributor pays to the manufacturer, excluding any additional fees or charges.

Coupon Rate

The coupon rate is the annual interest rate paid by bond issuers on the bond's face value.

Clean Price

The price of a bond net of accrued interest; this is the price that is typically quoted.