Test Bank For Fundamentals of Financial Management 13th Edition Eugene F Brigham

1. In most corporations, the CFO ranks under the CEO. a. True b. False (1-1) Role of finance F M Answer: b EASY 2. The Chairman of the Board must also be the CEO. a. True b. False (1-1) Role of finance F M Answer: a EASY 3. The board of directors is the highest ranking body in a corporation, and the chairman of the board is the highest ranking individual. The CEO generally works under the board and its chairman, and the board generally has the authority to remove the CEO under certain...