What Benefit Can the CFO of a Firm Contribute to the Process

question 3

Multiple Choice

What benefit can the CFO of a firm contribute to the process of considering and selecting new projects for the firm to pursue?

• A)The CFO is the second most powerful position in a firm,and the backing of the CFO can ensure the success of a project.
• B)The CFO has a view of the firm as a whole and can understand how a proposed project fits into the firm's overall strategy and how a proposed project can add value to the firm.
• C)The CFO makes the final decision on the expenditure of funds by the firm,so the CFO has to approve of a new project if it is going to go forward.
• D)The CFO is ultimately responsible for the success or failure of projects,so the CFO has to approve a project before it can be undertaken.

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Definitions:

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A type of tenancy agreement where either the tenant or the landlord may terminate the arrangement at any time by providing sufficient notice.

Lease Terminates

The condition or point in time when a lease agreement comes to an end, either through expiration of its term or by other means outlined in the agreement.

Permanent And Substantial Injury

Injury that results in long-term or lasting negative effects on an individual's physical or mental health or functional capabilities.

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Real estate owned by a landlord, which is leased or rented to tenants for residential or commercial use.