logo
Ask Question

Asked by Nurul Ainaa on May 16, 2024

verifed

Verified

In most companies,the CEO is promoted to the position of CFO.

CEO

Chief Executive Officer, the highest-ranking person in a company or organization, responsible for making major corporate decisions.

CFO

The Chief Financial Officer is a high-ranking executive responsible for managing the financial actions of a company, including financial planning and record-keeping.

Companies

Organizations engaged in commercial, industrial, or professional activities.

  • Understand the tasks and responsibilities of significant financial management roles within firms.
verifed

Verified Answer

LD
Lawrence DavisMay 21, 2024
Final Answer :
False
Explanation :
Typically, the CEO (Chief Executive Officer) and CFO (Chief Financial Officer) are distinct roles within a company, with the CFO focusing on financial aspects and the CEO on overall leadership and strategy. Promotions to these positions do not usually follow a path from one to the other.

Related questions

In Most Firms,the Controller Is the Chief Accounting Manager

Financial Managers Are Responsible for Increasing Profits to Shareholders

Allen Has Three Subordinates That Report to Him ...

______ Are Executives Who Develop and Implement the Firm's Financial ...

In the Context of the Role of the Financial Manager,who ...