Which of the Following Controls Would a Company Most Likely

question 18

Multiple Choice

Which of the following controls would a company most likely use to safeguard marketable securities when an independent trust agent is not employed?

• A) The investment committee of the board of directors periodically reviews the investment decisions delegated to the treasurer.
• B) Two company officials must be present to access marketable securities, which are kept in a bank safe-deposit box.
• C) The internal auditor and the controller independently trace all purchases and sales of marketable securities from the subsidiary ledgers to the general ledger.
• D) The chairman of the board verifies the marketable securities, which are kept in a bank safe-deposit box, each year on the balance sheet date.

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Definitions:

Sexual Orientation

A person's pattern of emotional, romantic, or sexual attraction to others, defined by the gender(s) to which they are attracted.

Observational Research

A research method involving the systematic observation and recording of behaviors without intervention or manipulation by the researcher.

Sexual-health Behaviors

Actions taken by individuals to protect or improve their sexual health, including safe sex practices, regular medical checkups, and communication with partners.

Nationally Representative

A term used to describe a sample that accurately reflects the demographics or characteristics of a larger population at a national level.