A Firm's _____ Is Usually Responsible for Finding and Allocating

question 70

Multiple Choice

A firm's _____ is usually responsible for finding and allocating capital.

• A) chief financial officer
• B) chief operating officer
• C) chief technology officer
• D) chief executive officer
• E) chief marketing officer

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Fixed Assets

Long-term tangible assets used in the operations of a business and not expected to be converted to cash in the near term.

Times Interest Earned

Times Interest Earned is a financial ratio that measures a company's ability to meet its debt obligations based on its current earnings before interest and taxes (EBIT).

Days' Sales in Inventory

A financial metric that shows the average duration it takes for a company to turn its inventory into sales.