The Person Generally Directly Responsible for Overseeing the Cash and Credit

question 53

Multiple Choice

The person generally directly responsible for overseeing the cash and credit functions,financial planning,and capital expenditures is the:

• A) treasurer.
• B) director.
• C) controller.
• D) chairman of the board.
• E) chief operations officer.

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Definitions:

Voting Power

The rights of shareholders to vote on corporate matters, which can influence company management, strategic direction, and corporate policies.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Inventories

The complete list of items such as property, goods in stock, or the contents of a building, often held for sale in the regular course of a business.

Profit After Tax

The net income remaining after all taxes have been deducted from total revenue.