Which of the Following Statements Is Correct

question 40

Multiple Choice

Which of the following statements is correct?

• A) A financial controller is only responsible for financial accounting.
• B) The primary role of the finance function of an organisation is to liaise with banks and financial intuitions to obtain finance to fund operations.
• C) In some organisations, management accountants are located in factories.
• D) Management accountants are responsible for external reporting as well as providing information to internal managers.

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Definitions:

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.

Human Resource Outsourcing

The practice of contracting out human resource functions, such as recruitment and payroll, to an external provider.

Trends

Refers to the general direction in which something is developing or changing over time.

Internal Labor Force

An organization's workers (its employees and the people who have contracts to work at the organization).