Which one of these statements is correct?

Question

Quizplus · Accepted Answer

Financial managers have a fiduciary duty to act in the best interest of their company's stockholders. This includes making decisions that maximize shareholder value and balancing the interests of other stakeholders, such as employees and customers.

B is incorrect because financial managers are also concerned with the company's financial health and profitability, which can ultimately benefit all stakeholders, not just investors.

C is incorrect because the CFO generally reports directly to the CEO, not the corporate treasurer.

D is incorrect because the corporate controller is primarily responsible for overseeing a firm's accounting functions, not necessarily its cash functions.

Which One of These Statements Is Correct