Which corporate officer, when he or she is guilty of serious misconduct, can subject the firm to the heavy losses in financial w

Question

Naily [24]

3 years ago

8

Which corporate officer, when he or she is guilty of serious misconduct, can subject the firm to the heavy losses in financial w

ealth?

Business

1 answer:

Norma-Jean [14] · Answer 1 · 2022-04-23T05:12:11+03:00

Answer: The correct answer is "CFO".

Explanation: A CFO (Chief Financial Officer) is responsible for the economic and financial planning of the company. It is who decides the investment, financing and risk in order to increase the value of the company for its owners (whether shareholders or partners). It provides financial, accounting knowledge and in general an analytical look at the business. In many cases he is also the strategic affairs advisor for the CEO.

Therefore, if he is guilty of serious misconduct, he may subject the company to large losses in financial wealth.