Which One of the Following Functions Should Be Assigned to the Treasurer

question 10

Multiple Choice

Which one of the following functions should be assigned to the treasurer rather than the controller?

• A)data processing
• B)cost accounting
• C)tax management
• D)cash management
• E)financial accounting

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Definitions:

Management Reserves

Funds set aside by management for unforeseen changes in the scope or cost of a project.

Contingency Reserves

Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.

Budget Baseline

The original approved plan for the project's budget against which project performance can be monitored and controlled.

Last Moment

A point in time immediately before a deadline or significant event, often associated with high stress or urgency.