Correct/Complete Question:
Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.
A) Working Capital; Controller
B) Capital Structure; Controller
C) Capital Budgeting; Treasurer
D) Capital Structure; Treasurer
E) Working Capital; Treasurer
Answer:
E, Working Capital, Treasurer
Explanation:
A working capital refers to the capital required by a business to ensure its day-to-day business operations. It can also be said to be the capital available to businesses, the government,as well as other firms in need.
A treasurer in the other hand is an individual responsible for the financial management of an organization. By financial management of an organization, a treasure has the responsibility of analyzing and balancing the organization's bank statements, choosing what banks to be used by the organization, etc among other things.
Since a treasurer is responsible for managing financial service. of an organization, the treaurer reserves the power to sell to anyone on credit the treasure will know how to include that in the financial statement.
Cheers.
