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A Company Has Additional Temporary Funds to Invest

Question 4

Multiple Choice

A company has additional temporary funds to invest. The Board of Directors decided to purchase marketable securities and assigned the future purchase and sale decisions to a responsible financial executive. The best person(s) to make periodic reviews of the investment activity authorized by that executive should be:


A) an investment committee of the Board of Directors.
B) the chief operating officer.
C) the corporate controller.
D) the treasurer.

Correct Answer:

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