Necessity of Financial Control
After allocating resources, a company CEO seeks to monitor and control the acquisition, allocation, and utilization of financial assets. Is it necessary for the CEO to perform financial control?
A
Yes, because she must ensure that financial activities align with the strategic plan, comply with regulations, and are accurately documented for potential SEC reports.
B
No, because her primary focus should be on preparing a new budget rather than monitoring current resources.
C
No, because the company's performance in the next quarter is a far better indicator of success than tracking complex financial resources.
D
Yes, because she needs to determine whether a specific business venture is financially viable.
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