Question

A CFO’s responsibility is to manage financial risk, and that covers which other element?

a.The catered lunch in the boardroom.
b.All the information and data in the company.
c.The after-hours card games.
d.Costs associated with the building’s janitorial contractor.

Answer 1

b.All the information and data in the company.

Step-by-step explanation:

A CFO is the Chief financial officer is an organization. He or she is responsible for the company's financial risks, management, and reporting. The CFO evaluates a company's financial opportunities against its threats and manages the lower level finance managers.

Since the CFO is responsible for the organization's finances, he or she supervises the preparation and presentation of financial reports. The CFO guarantees the accuracy of the data reported. He or she ensures that the data used in the preparation of the reports is safely stored within the organization.