Which Position Is Generally Directly Responsible for Financial Planning and Capital

question 50

Multiple Choice

Which position is generally directly responsible for financial planning and capital expenditures?

• A)Controller
• B)Treasurer
• C)Director
• D)Chairman of the board
• E)Chief operations officer

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Definitions:

Issues Opinions

Refers to the practice of legal bodies or officials, like courts, issuing formal judgments or explanations for their decisions on cases.

Independent Agency

An independent agency refers to a governmental body that operates outside of the direct control of the executive, legislative, or judicial branches, typically established to regulate specific activities or interests.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.

Financial Instrument

A legal document representing an ownership position in a corporation, a creditor relationship with a governmental body or a corporation, or rights to ownership as represented by an option.