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.

---

Definitions:

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Purchase Price

The amount paid to acquire a product or service, or the cost at which something is bought.

Salvage Value

The forecasted worth of an asset upon reaching the end of its utility.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the central bank's discount window.