When Developing an Organizational Chart, You Should

question 57

Multiple Choice

When developing an organizational chart, you should

• A) recommend dual titles for executives.
• B) use the title "president" for the top person.
• C) make sure that the chief financial officer is not at the same level as the chief operating officer.
• D) have division presidents report to a chief operating officer.
• E) have the controller or treasurer report directly to the president.

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Definitions:

Health Insurance Company

A firm that offers plans and policies that cover the costs of medical care, including treatments, surgeries, and sometimes prescription drugs.

Drawer

A sliding storage compartment that is part of a piece of furniture such as a cabinet or desk.

Company Asset

Resources owned by a company that have value and can be used to meet its financial obligations, including both physical assets (like buildings) and intangible assets (like patents).

Money Owed

Financial liabilities or debts that a person or organization is required to pay to another party.