In a Firm Having Both a Treasurer and a Controller

question 70

Multiple Choice

In a firm having both a treasurer and a controller, which of the following would most likely be handled by the controller?

• A)internal auditing
• B)credit management
• C)banking relationships
• D)insurance

---

Definitions:

Article 2

Refers to a section of the Uniform Commercial Code that governs the sale of goods in the United States, setting forth the rights, duties, and obligations of sellers and buyers.

Common Law

A body of law based on judicial decisions and customs, as opposed to statutory laws.

Void Contract

An agreement that lacks legal validity or is unenforceable by law from the moment it is created, due to reasons such as illegality or incapacity of one party.

Voidable Contract

A valid contract that can be legally voided at the option of one of the parties without penalty.