QUESTION 21 Which of the following statements is incorrect? a. One major responsibility of a treasurer is to ensure that there is compliance with policies. b. A treasurer is also expected to oversee the overall functioning of all functional areas and compliance with policies and set standards. c. A centralised treasury has more autonomy that enables individuals within each branch to make quick decisions. d. Control refers to a process in which the board of directors establishes treasury policies and monitors their implementation. 1. a and b 2. b and c 3. c and d 4. a and d

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QUESTION 21

Which of the

following statements is incorrect?

One major responsibility of a treasurer is to ensure

that there is compliance with policies.

treasurer is also expected to oversee the overall functioning of all functional

areas and compliance with policies and set standards.

A centralised treasury has more autonomy that enables individuals within

each branch to make quick decisions.

Control

refers to a process in which the board of directors establishes treasury

policies and monitors their implementation.

a and

b and

c and

a and

2. b and c

1. a and b

3. c and d

100%

4. a and d

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