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NEW QUESTION: 1
An audit trail is an example of what type of control?
A. Deterrent control
B. Detective control
C. Application control
D. Preventative control
Answer: B
Explanation:
The correct answer is Detective control. An audit trail is a record of events to piece together what has happened and allow enforcement of individual accountability by creating a reconstruction of events. They can be used to assist in the proper implementation of the other controls,
however.
NEW QUESTION: 2
Right arm paralysis due to poliomyelitis that patient suffered as a child.
A. 344.40, 138
B. 045.11, 342.81
C. 138, 344.41
D. 138, 344.41
Answer: A
NEW QUESTION: 3
Which of the following holders of unregistered stock is precluded from selling shares under Rule 144?
A. an officer of the issuing corporation
B. an institutional investor
C. a broker/dealer firm
D. a holder of more than 10% of the outstanding stock
Answer: C
Explanation:
Explanation/Reference:
Explanation: a broker/dealer firm. A broker/dealer cannot use Rule 144 when selling stock.
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