Which of the Following Positions Would Be Responsible for Establishing

question 50

Multiple Choice

Which of the following positions would be responsible for establishing the long-term financial goals of the company,investing its funds and raising capital for the business?

• A) cash manager
• B) internal auditor
• C) chief information officer
• D) forensic accountant
• E) treasurer

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Definitions:

Profit Center

A profit center is a branch or division of a company that is treated as a separate unit for the purpose of assessing its revenue-generating ability and profitability.

Department Manager

A professional who oversees the operations and employees of a specific department within a company, ensuring goals and objectives are met.

Authority

The authority or capacity to command, make choices, and ensure compliance.

Responsibility Accounting Reports

Financial reports that measure the financial performance of different segments or departments of an organization, attributing revenues and expenses to the managers responsible.