Which of the Following Would Be More Typically the Responsibility

question 38

Multiple Choice

Which of the following would be more typically the responsibility of a controller rather than a treasurer?

• A) overseeing accounting and tax functions
• B) capital budgeting
• C) managing credit
• D) making investment decisions

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Definitions:

Premium Payment

The amount paid for an insurance policy, either regularly or as a lump sum.

Flood Insurance

A specific insurance coverage against property loss from flooding, typically required for buildings in designated flood-prone zones.

Pooling Of Risk

The practice of spreading financial risks among a large number of participants, thereby minimizing the overall impact to any single participant.

Diversification

The strategy of investing in a variety of securities in order to lower the risk involved with putting money into few investments.