37. For a typical firm, which of the following statements is most correct?(a) The CFO has three departments reporting to him: financial planning, treasury and control.(b) The treasurer oversees the accounting and auditing activities of the firm.(c) The controller has responsibility for managing the financing activities of the firm and for working capital management.(d) The CEO is a senior vice president with responsibility for all the financial functions in the firm.Answer: (a)38. Which of the following are financial decisions a firm has to make?(a) financing decisions(b) capital budgeting decisions(c) working capital decisions(d) all of the aboveAnswer: (d)39. The controller’s job includes responsibility for ________.(a) relations with the external investment community(b) preparation of financial statements for use by shareholders, creditors and regulatory authorities(c) analysis of proposed mergers, acquisitions and spin-offs(d) all of the aboveAnswer: (b)40. The basic unit of analysis in capital budgeting is the ________.(a) financing project(b) investment project(c) strategic project(d) variable projectAnswer: (b)41. The steps involved in any capital budgeting process include:(a) evaluating projects(b) deciding which projects to undertake(c) identifying ideas for new investment projects(d) all of the aboveAnswer: (d)