Proper security management dictates separation of duties for all the following reasons except which one? a) it reduces the possibility of fraud. b) it reduces dependency on individual workers. c) it reduces the need for personnel. d) it provides integrity.

a naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or share. unlike a normal warrant, it is not attached to a newly issued bond or preferred stock.

unsecured bonds: they are not secured by a specific asset, but rather by "the full faith and credit" of the issuer. in other words, the investor has the issuer's promise to repay but has no claim on specific collateral. debt, such as unsecured bond debt, is said to be “subordinated,” or junior, to secured debt.

answer; commerce clearing house;

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;