Asked by Ana Bel Montes on May 02, 2024
Verified
Which statement is true?
A) The finance department has an oversight responsibility for the effective management of the money other departments spend.
B) The Vice President of Finance is usually a position very different from that of a CFO.
C) The finance department will oversee the selling of stock, but not the paying of dividends.
D) Individual departments determine the feasibility of projects, while the finance department is only concerned with the funding of the project.
Finance Department
A division within a company that handles financial operations, planning, and strategies including accounting, budgeting, and investments.
Oversight Responsibility
The duty to oversee and ensure proper management and adherence to laws, regulations, and standards within an organization or system.
Money Management
The process of budgeting, saving, investing, spending, or otherwise overseeing an individual or group's capital usage.
- Recognize the obligations and functions of the finance division in a company.
Verified Answer
Learning Objectives
- Recognize the obligations and functions of the finance division in a company.
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