QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMF-CW5D-RCDR-CE3D-G3JU-
GESS-NP3S-8RSU-QPT1-GOSU-YP5N-COSS-NC5F-CJ1D-QQBI-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
97. The chief accounting officer of an organization is the
a. vice president of finance.
b. internal auditor.
c. treasurer.
d. controller.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1O4F
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJO-G3OS-GA5R-CR5G-KAUD-
CASU-1PDD-8RSS-GP5B-GOSU-YAJ3-CWSU-QQBT-GH5G-NPT1-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
98. Which of the following is the officer responsible for money management and serves chiefly as the custodian of the
organization's funds?
a. Certified Public Accountant
b. controller
c. Chartered Accountant
d. treasurer
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 54
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1O4R
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-CO5D-RAJU-GO4D-1AJ3-8YSU-
R3BZ-8RSU-N3B1-GOSS-RP31-CRSS-NAMF-COAU-QCTU-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
99. Which of the following duties is usually assigned to the controller?
a. receiving, maintaining custody of, and disbursing monies and securities
b. directing the granting of credit to clients
c. investing the organization's funds
d. tax planning
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1O4D
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJ1-GPTU-Q3MB-GA5S-RAJA-COSU-
QPTO-8YSU-O3BW-GOSU-GCUG-COSU-CC3O-GEHS-CP5N-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 55
100. Currently, the activity found LEAST often within the controller's department is
a. updating the general ledger.
b. budget preparation.
c. maintaining accounts receivable records.
d. establishing and maintaining a market for the organization's debt and equity securities.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1O3U
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMG-CT1U-NPTO-GP1D-KQJA-
GRSU-GP5N-CESS-NCT3-GOSS-CCJW-COSU-1A5F-GO5G-N3DR-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
101. The setting of objectives and the identification of methods to achieve those objectives is called