The Manager Responsible for the Accounting Information Concerning Cash Flows

question 52

Multiple Choice

The manager responsible for the accounting information concerning cash flows is the:

• A) controller.
• B) payables manager.
• C) credit manager.
• D) purchasing manager.
• E) production manager.

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Definitions:

Goods and Services

Products and activities that fulfill the needs or desires of consumers, with goods being tangible objects and services being intangible activities.

Factors of Production

The inputs used to produce goods and services, typically classified into four main categories: land, labor, capital, and entrepreneurship.

Money

A medium of exchange that facilitates trade, serves as a unit of account, a store of value, and can be in the form of coins, notes, or electronic.

Comparative Advantage

The ability of an individual or country to produce a particular good or service at a lower opportunity cost than others.