If a Controller Is Responsible for Liquidity Management, Which of the Following

question 64

Multiple Choice

If a controller is responsible for liquidity management, which of the following accounts are they NOT interested in?

• A)Long-term Debt
• B)Cash
• C)Accounts Payable
• D)Inventory

---

Definitions:

Government Body

An organization or a group of people that has the authority to make and enforce rules, laws, and regulations within a specific area.

Vesting

The concept of imposing equity forfeitures on cofounders over a certain period of time on a piecemeal basis should they not stay with the company.

Equity Forfeitures

Situations where shareholders or stockholders must give up their ownership stakes, often due to contractual agreements or failure to meet certain conditions.

Cofounders

Individuals who jointly start a business or enterprise, sharing the risks and rewards of the company's development and success.