Questions: In large firms, financial activity is usually associated with which top officer?
Transcript text: In large firms, financial activity is usually associated with which top officer?
Solution
The answer is: chief financial officer.
Explanation for each option:
Chief management consultant: This role typically involves providing strategic advice and management consulting services to improve the overall performance of the firm. It is not specifically associated with financial activities.
Chief financial officer: This is the correct answer. The Chief Financial Officer (CFO) is the top officer responsible for managing the financial actions of a company. This includes financial planning, risk management, record-keeping, and financial reporting.
Vice president for marketing: This role focuses on overseeing the marketing strategies and activities of the firm. It is not directly related to financial management.
Vice president of production: This position is responsible for managing the production processes and operations within the company. It does not primarily deal with financial activities.
In summary, the Chief Financial Officer (CFO) is the top officer in large firms who is primarily associated with financial activities.