One of the Objectives of the Segregation of Duties Is

question 1

Multiple Choice

One of the objectives of the segregation of duties is to

• A) make sure that different people handle different parts of the same transaction.
• B) ensure that no collusion will occur.
• C) make sure that different people handle different transactions.
• D) achieve an optimal division of labor for efficient operations.

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Definitions:

Date of Record

The cut-off date set by a company in order to determine which shareholders are eligible to receive a dividend or distribution.

Three-For-One Split

A stock split in which each shareholder receives three new shares for each share they currently own.

Stock Price

The stock price is the cost of a single share of a company's stock, reflecting the market's value and investors' perceptions of the company's future prospects.

Shares Outstanding

Shares outstanding refer to the total number of shares of a company’s stock that are currently owned by all its shareholders, including shares held by institutional investors and restricted shares owned by the company’s officers and insiders.