Internal Control Over Marketable Securities Is Enhanced When

question 15

Multiple Choice

Internal control over marketable securities is enhanced when:

• A) Securities are held by the cashier.
• B) Securities are registered in the name of the custodian.
• C) Detailed records of securities are maintained by the custodian of the securities.
• D) Securities are held under joint control of two or more officials.

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Definitions:

Adaptive

The ability or tendency to adjust or change in response to new conditions, challenges, or environments, often considered a key trait for survival and success.

Achievement-oriented

Describes an individual or organizational culture that emphasizes the importance of setting and accomplishing goals.

Follower Readiness

The degree to which followers are willing, able, and prepared to take on responsibilities, follow directions, or engage in activities directed by a leader.

Leader Position Power

The power and sway possessed by a leader due to their designated function or status in a group or establishment.