Which One of These Statements Is Correct

question 33

Multiple Choice

Which one of these statements is correct?

• A) Financial managers have a fiduciary duty to stockholders.
• B) Financial managers are concerned only with funds that flow to investors.
• C) The chief financial officer generally reports directly to the corporate treasurer.
• D) The corporate controller is primarily responsible for overseeing a firm's cash functions.

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Definitions:

Twin Deficits

The situation occurring when a country has both a current account deficit and a fiscal deficit, indicating excessive spending.

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

Gold Standard

An economic arrangement where paper money in a country directly mirrors the value of gold.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and leading to significant geopolitical changes.