Asked by Katelyn Holmquist on Jun 01, 2024
Verified
Which one of the following statements is correct concerning the organizational structure of a corporation?
A) The vice president of finance reports to the chairman of the board.
B) The chief executive officer reports to the board of directors.
C) The controller reports to the president.
D) The treasurer reports to the chief executive officer.
E) The chief operations officer reports to the vice president of production.
Organizational Structure
The system of tasks, workflows, reporting relationships, and communication channels that link together the work of diverse individuals and groups in a coherent way.
Chief Executive Officer
The highest-ranking executive in a company, responsible for making major corporate decisions, managing the overall operations and resources of a company, and acting as the main point of communication between the board of directors and corporate operations.
- Discern the various roles and their respective responsibilities in a corporate setting.
Verified Answer
Learning Objectives
- Discern the various roles and their respective responsibilities in a corporate setting.
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