Which of the following regarding the organizational chart is false?
A) A duty of the cash manager is managing short-term borrowings.
B) A duty of the credit manager is making credit policy decisions.
C) A duty of the purchasing manager is negotiating payment terms on purchases.
D) A duty of the payables manager is determining whether or not to take discounts on purchases.
E) A duty of the controller is making short-term investments.

Question

Quizplus · Accepted Answer

The controller's primary responsibilities typically involve overseeing the accounting operations, preparing financial statements, and ensuring compliance with financial regulations, rather than making short-term investments. Making short-term investments is usually the responsibility of the treasury function within an organization, not the controller.

Which of the Following Regarding the Organizational Chart Is False