The Officer of the Company Who Has the Ultimate Responsibility

question 126

Multiple Choice

The officer of the company who has the ultimate responsibility for implementing the company's long and short-term goals is the ________.

• A) Chief Financial Officer
• B) Chair of the Board
• C) Chief Executive Officer
• D) Chief Officer for Human Relations

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Definitions:

Windfall

An unexpected gain or advantage, often in the form of money or goods, that is not anticipated or earned through work.

Separate Contractual Obligation

An independent commitment within a contract, not reliant on the performance or fulfillment of other obligations within the same agreement.

Contractual Relationship

A legally binding agreement between two or more parties, creating mutual obligations enforceable by law.

Unjust Enrichment

A windfall that one party to a contract stands to make at the expense of the other.