ITPEC IP April 2024 Question 66
Which of the following is the scope that the CFO, one of the positions involved in corporate management, bears responsibility for?
Explanation
Finance — the CFO (Chief Financial Officer) is the executive responsible for the company's finances.
The CFO oversees financial strategy: funding and capital policy, budgeting, accounting and financial reporting, cash flow and financial risk. Like the other chief officers, the title names the area the executive answers for.
Answer (b)
Why not others:
- •(a) Technology — is the CTO (Chief Technology Officer)
- •(c) Information — information systems and IT strategy are the CIO (Chief Information Officer)
- •(d) Personnel — human resources are the CHRO (Chief Human Resources Officer)
Key rule: Read the middle letter of a C-level title: CEO executive, CFO financial, CIO information, CTO technology, CHRO human resources.
Corporate Activities · AI-written, may contain errors
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