Which of the Following Regarding the Organizational Chart Is False

question 216

Multiple Choice

Which of the following regarding the organizational chart is false?

• A) A duty of the cash manager is managing short-term borrowings.
• B) A duty of the credit manager is making credit policy decisions.
• C) A duty of the purchasing manager is negotiating payment terms on purchases.
• D) A duty of the payables manager is determining whether or not to take discounts on purchases.
• E) A duty of the controller is making short-term investments.

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Definitions:

Production

The procedure involved in producing goods and services.

Federal Budget Deficit

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Sherman Antitrust Act

A United States antitrust law that outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade.

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Market structures characterized by a single seller who has exclusive control over the supply of a good or service, often leading to higher prices and reduced competition.