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 in the exclusive custody of a responsible officer.
C. Stock certificates require the signature of two officers.
D. Stock certificates are signed immediately upon receipt from the printer.
Answer: D
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The key steps followed by the managers in capital investment analysis include all of the following except
a. identification of capital investment needs b. preliminary screening c. formal requests for capital investments d. sunk costs.
Answer the following statements true (T) or false (F)
The discussion memorandum that preceded the conceptual framework was perhaps the most extensive ever published by the FASB.
Transformational and charismatic leadership are quite similar concepts, however, they differ in a subtle way. Which of the following is correct?
a. Typically the charismatic leader, unlike the transformational leader, is better able to inspire and lead the change process from beginning to end b. Typically the charismatic leader is evil c. Typically the transformational leader fails to inspire change because they lack charisma d. Typically the transformational leader, unlike the charismatic leader, is better able to inspire and lead the change process from beginning to end
You have just used a computer spell-check program on your correspondence. However, you later discover that the program has failed to distinguish the difference between "affect" and "effect." The spell-check program has overlooked
A) Homonyms. B) Context. C) Proper nouns.