Which of the Following Duties Is Usually Assigned to the Controller

question 151

Multiple Choice

Which of the following duties is usually assigned to the controller?

• A)receiving, maintaining custody of, and disbursing monies and securities
• B)directing the granting of credit to clients
• C)investing the organization's funds
• D)tax planning

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Definitions:

Variable Cost

Costs that change in proportion to the level of output or activity in a business.

Fixed Costs

Costs that do not vary in proportion to the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.

Operating Leverage

Operating Leverage is a measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed versus variable costs a company has.

Variable Cost

Operational expenses of a business that alter in accordance with the level of activity.