A Company Has Additional Temporary Funds to Invest

question 4

Multiple Choice

A company has additional temporary funds to invest. The Board of Directors decided to purchase marketable securities and assigned the future purchase and sale decisions to a responsible financial executive. The best person(s) to make periodic reviews of the investment activity authorized by that executive should be:

• A)an investment committee of the Board of Directors.
• B)the chief operating officer.
• C)the corporate controller.
• D)the treasurer.

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Definitions:

Florida

A southeastern U.S. state known for its tropical climate, beaches, and diverse ecosystems.

Unhealthiness

The state or condition of being detrimental to health.

Predominantly

Mainly or for the most part; indicates that something is the majority or the most common.

Inner-city

Typically refers to the areas near the center of a large city, which may deal with issues related to economic, social, and infrastructural challenges.