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 operations officer reports to the chief executive officer.
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

The organizational structure of a corporation typically has the chief operations officer reporting to the chief executive officer (CEO), as the COO is responsible for overseeing the day-to-day operations of the company and works closely with the CEO in setting overall strategy and direction. The other options are less common or not accurate for a typical organizational structure.

Which One of the Following Statements Is Correct Concerning the Organizational