From the standpoint of good internal control, the credit manager should be responsible to theSelect one:a.treasurerb.customer-service managerc.controllerd.sales manager
Question
From the standpoint of good internal control, the credit manager should be responsible to theSelect one:a.treasurerb.customer-service managerc.controllerd.sales manager
Solution
From the standpoint of good internal control, the credit manager should be responsible to the controller.
Here's why:
a. Treasurer - The treasurer is typically responsible for the company's liquidity, investments, and risk management. While they may work closely with a credit manager, they are not the direct supervisor.
b. Customer-Service Manager - The customer-service manager oversees the satisfaction and loyalty of a company's customers. While they may interact with the credit manager, they do not oversee credit management.
c. Controller - The controller oversees all of the company's financial and accounting functions. This includes credit management, making them the most appropriate supervisor for the credit manager.
d. Sales Manager - The sales manager is responsible for leading and guiding a team of salespeople. While they may work with the credit manager to ensure sales are financially viable, they do not oversee credit management.
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