Which of the Following Is the Responsibility of a Finance

question 12

Multiple Choice

Which of the following is the responsibility of a finance manager?

• A) processing purchase orders and invoices
• B) ensuring accounts payable are paid on time
• C) preparing the monthly income statement
• D) analyzing the capital needs of the firm

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Definitions:

Carwash

A facility or business where vehicles are cleaned, often both externally and internally, using various cleaning methods and equipment.

Mutual Benefit Bailment

An arrangement where both the bailor and bailee receive some benefit from the bailment, such as a loaned item or use of property.

Bailment

The act of temporarily transferring possession but not ownership of personal property to another person under a contract.

Consideration

The value (which can be a promise, an act, or an object) exchanged between parties in a contract.