Which one of the following functions should be the responsibility of the controller rather than the treasurer?

Which one of the following functions should be the responsibility of the controller rather than the treasurer?    A.  daily cash deposit B.  income tax returns C.  equipment purchase analysis D.  customer credit approval E.  payment to a vendor Refer to section 1.1

12.	The controller of a corporation generally reports directly to the:    A.  board of directors. B.  chairman of the board. C.  chief executive officer. D.  president. E.  vice president of finance. Refer to section 1.1

13.

Which one of the following correctly defines the upward chain of command in a typical corporate organizational structure?    A.  The vice president of finance reports to the chairman of the board. B.  The chief executive officer reports to president. C.  The controller reports to the president. D.  The treasurer reports to the vice president of finance. E.  The chief operations officer reports to the vice president of production. Refer to section 1.1

14.

Which one of the following is a capital budgeting decision?    A.  determining how many shares of stock to issue B.  deciding whether or not to purchase a new machine for the production line C.  deciding how to refinance a debt issue that is maturing D.  determining how much inventory to keep on hand E.  determining how much money should be kept in the checking account Refer to section 1.1

15.

Which of the following should a financial manager consider when analyzing a capital budgeting project? I. project start up costs II. timing of all projected cash flows III. dependability of future cash flows IV. dollar amount of each projected cash flow    A.  I and IV only B.  I, II, and IV only C.  I, II, and III only D.  II, III, and IV only E.  I, II, III, and IV Refer to section 1.1

16.

Which one of the following is a capital structure decision?    A.  determining which one of two projects to accept B.  determining how to allocate investment funds to multiple projects C.  determining the amount of funds needed to finance customer purchases of a new product D.  determining how much debt should be assumed to fund a project E.  determining how much inventory will be needed to support a project Refer to section 1.1