Sarita, a Manager at a Large International Firm, Is Primarily

question 87

Multiple Choice

Sarita, a manager at a large international firm, is primarily responsible for the financial resources of the entire organization. Sarita is most likely the firm's ________.

• A) chief financial officer
• B) auditor
• C) controller
• D) vice president of financial affairs

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Definitions:

Cash Collections

The process of gathering and managing cash inflows from various sources, such as sales or receivables.

Planning

Selecting a course of action and specifying how the action will be implemented.

Control

Those steps taken by management to increase the likelihood that all parts of the organization are working together to achieve the goals set down at the planning stage.

Production Budget

A financial plan showing the number of units to be produced in a period to meet sales and inventory requirements.