Which one of the following correctly defines a common chain of command within a corporation?
A) The controller reports directly to corporate treasurer.
B) The treasurer reports directly to the board of directors.
C) The chief financial officer reports directly to the board of directors.
D) The credit manager reports directly to the controller.
E) The controller reports directly to the chief financial officer.

Question

Quizplus · Accepted Answer

The typical chain of command in a corporation has the controller reporting directly to the chief financial officer. Option A is incorrect because the corporate treasurer and controller do not report to each other. Option B is incorrect because the treasurer usually reports to the chief financial officer or the CEO, not directly to the board of directors. Option C may be true, but it is not a universal chain of command. Option D is incorrect because the credit manager typically reports to the controller or the chief financial officer, not the other way around.

Which One of the Following Correctly Defines a Common Chain