Which of the Following Statements Is Typically Not True Regarding

question 102

Multiple Choice

Which of the following statements is typically not true regarding controls related to proper accounting for stock option grants?

• A)The proper accounting for stock option grants is researched by the organization's accountant.
• B)The analysis of the accountant regarding stock option grants is reviewed by the CFO.
• C)The analysis of the accountant regarding stock option grants is reviewed by the organization's legal counsel.
• D)The analysis of the accountant regarding stock option grants is reviewed by the board of directors.

Acknowledge the effect of personal and unforeseeable circumstances (like illness or unforeseen incapacity) on the performance of contractual obligations.

Understand the general principles related to the assignment of contracts.

Recognize the rights and enforceability of third-party beneficiaries in a contract.

Comprehend the concept of privity of contract and its implications on contractual rights.