The Top Accountant in Most Large Organizations Is Usually Called

question 91

Multiple Choice

The top accountant in most large organizations is usually called the:

• A) Controller
• B) Chief financial officer
• C) Chief executive officer
• D) Sales' manager

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Definitions:

Formal Contract

A contract that must have a special form or must be created in a specific manner.

Simple Contract

A contract that is not a formal contract. Also called an informal contract.

Third-Party Beneficiary

A third-party beneficiary is a person who, although not a party to the contract, stands to benefit from the contract's execution or has rights that can be enforced under the contract.

Quasi-Contract

An obligation imposed by law in order to prevent unjust enrichment, treated as a contract for the purpose of remedy despite the lack of a formal agreement.