For a Corporation That Does Not Utilize the Services of an Independent

question 39

Multiple Choice

For a corporation that does not utilize the services of an independent registrar and stock transfer agent,which of the following represents a weakness in internal control over stock issuance?

• A)Stock certificates are prenumbered.
• B)Stock certificates are signed immediately upon receipt from the printer.
• C)Stock certificates are in the exclusive custody of a responsible officer.
• D)Stock certificates require the signature of two officers.

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Definitions:

External Leadership Behaviors

Leadership actions that involve interactions outside of the immediate team or organization, often focusing on networking and external relationship building.

Leader's Success

The achievement of desired outcomes and goals through effective guidance, influence, and management of others by an individual in a leadership position.

Planning

The process of setting objectives, determining strategies, and outlining tasks and schedules to achieve the goals of an organization or project.

Work Unit

A functional group or team within an organization, often defined by a common task, project, or goal.