Which of the Following Issues Makes It Difficult for to Managers

question 17

Multiple Choice

Which of the following issues makes it difficult for to managers to reign in dedicated "cost centers" in a firm?

• A)Cost centers have no dedicated "customer"
• B)Cost centers are easy to judge against market counterparts performing similar functions
• C)Firms are unwilling to endure the ill will generated by firing unproductive elements in an organization
• D)Firms are always looking to cut costs when they retain an advantage insulting it from the market
• E)Managers of costs centers have significant latitude to complete their jobs

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Definitions:

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, overseeing financial planning, risk management, and financial reporting.

Corporate Controller

A senior executive who oversees the accounting and financial reporting functions within a company, ensuring accuracy and compliance with regulations.

Financial Decision Making

The process of making choices relating to investments, budgeting, savings, and spending with the aim of optimizing financial goals.

Treasurer

The executive in charge of external financing in most companies. The treasurer generally reports to the CFO.