The Vice-President of Operations Directly Reports to Which Person(s)

question 153

Multiple Choice

The vice-president of operations directly reports to which person(s) ?

• A)The CFO
• B)The COO
• C)The CEO
• D)The Board of Directors

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Definitions:

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after intercompany transactions have been eliminated, as presented in the consolidated financial statements.

Statement of Comprehensive Income

A financial statement that presents a company's total income and expenses, including items that have not been realized, providing a complete picture of its overall financial performance.

Goodwill Impairment

A charge that occurs when the market value of goodwill, an intangible asset, drops below its recorded value on the balance sheet, indicating diminished business value.

Discontinued Operation

A component of a business that has been sold, disposed of, or is held for sale, and is reported separately in financial statements.