Which one of the following correctly deﬁnes the chain of command in a typical corporate organizational structure?
A) The vice president of ﬁnance reports to the chairman of the board.
B) The chief executive oﬃcer reports to the board of directors.
C) The controller reports to the president.
D) The treasurer reports to the chief executive oﬃcer.
E) The chief operations oﬃcer reports to the vice president of production.

Question

Quizplus · Accepted Answer

In a typical corporate organizational structure, the chain of command starts with the board of directors, who are ultimately responsible for the company's success. The chief executive officer (CEO) reports to the board of directors, and they are responsible for overseeing the entire organization. The other top officers, such as the president, chief financial officer (CFO), and chief operating officer (COO), report to the CEO. The controller and treasurer are usually in the finance department and report to the CFO. Therefore, option B correctly defines the chain of command in a typical corporate organizational structure.

Which One of the Following Correctly Deﬁnes the Chain of Command