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.

Question

Quizplus · Accepted Answer

According to typical corporate organizational structure, the CEO (chief executive officer) is the highest-ranking officer in the company and reports directly to the board of directors, who oversee the management of the corporation. Therefore, statement B is correct. Statement A is incorrect because the vice president of finance typically reports to the CFO (chief financial officer) or CEO, not the chairman of the board. Statement C could be true depending on the specific company, but there is no definitive reporting structure for the controller position. Statement D is incorrect because the treasurer typically reports to the CFO or vice president of finance, not the CEO. Statement E is incorrect because the chief operations officer is a higher-level position than the vice president of production, so the reporting structure would be the other way around (the vice president of production would report to the COO).

Which One of the Following Statements Is Correct Concerning the Organizational