Aardvark is a small pest-control business that has 30 employees. The company started business within the past year and needs to make a decision on how best to make sure its finances are managed well as the company continues to grow its customer base and its business. Which of the following, if true, would not strengthen the case that Aardvark needs to hire a full-time controller?
A) The company needs its cash flow to be continuously monitored.
B) The company needs to determine how to market its products so as to reach the largest number of customers.
C) The company needs to have its excess funds invested in high-growth opportunities.
D) The company needs to have financial goals mapped out for it.
E) The company needs to have good sources of funding identified.

Question

Quizplus · Accepted Answer

While marketing is an important aspect of business growth, it does not pertain to financial management and thus, does not strengthen the case for hiring a full-time controller. Monitoring cash flow, investing excess funds, mapping out financial goals, and identifying funding sources all require a dedicated focus on financial management, indicating a need for a full-time controller.

Aardvark Is a Small Pest-Control Business That Has 30 Employees