Which One of the Following Statements Is Correct Concerning the Organizational

question 62

Multiple Choice

Which one of the following statements is correct concerning the organizational structure of a corporation?

• A) The vice president of finance reports to the chairman of the board.
• B) The chief executive officer reports to the board of directors.
• C) The controller reports to the president.
• D) The treasurer reports to the chief executive officer.
• E) The chief operations officer reports to the vice president of production.

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Definitions:

Virtual Company

A business model that operates on digital platforms without a physical presence, often relying on digital communication and distribution channels.

Total Control

An approach or system designed to ensure that every aspect of a process, project, or operation is managed and regulated to achieve desired outcomes with minimal deviations or errors.

Low Capital Investment

Refers to businesses or projects that require a minimal initial financial outlay to start and run.

Channel Assembly

A process in supply chain management where a product is assembled at the point of distribution or at the retailer rather than at the manufacturing facility.