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

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Definitions:

Alteration Minerals

Minerals that form as a result of chemical changes in rocks, often due to hydrothermal fluid activity.

Iron Ore

A natural mineral or rock from which iron can be profitably extracted, typically rich in iron oxides.

Caldera

A large volcanic crater typically formed by a major eruption leading to the collapse of the mouth of the volcano.

Metal-Rich Fluids

Liquids that contain high concentrations of metals, often found in geological settings where they can deposit valuable ore minerals.