Difference between CFO and Credit Manager
Quiz by Paolo Fanti
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10 questions
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- Q1What is the goal of a Credit Manager?To minimize marketing expensesTo minimize credit risk while maximizing revenueTo minimize production costsTo minimize employee turnover30s
- Q2What is credit underwriting?Assessing the credit worthiness of potential borrowers and determining the terms and conditions of loans or credit linesAssessing the marketing potential of products and servicesAssessing the satisfaction of customersAssessing the quality of production processes30s
- Q3What does credit risk management involve?Managing payrollDeveloping marketing strategiesIdentifying and assessing potential credit risks and taking measures to mitigate those risksCreating financial reports30s
- Q4What does CFO stand for?Corporate Financial OfficerCredit Finance OfficerChief Financial OfficerChief Financial Organizer30s
- Q5What is the main responsibility of a CFO?To manage and oversee the financial activities of a companyTo manage and oversee the production activities of a companyTo manage and oversee the marketing activities of a companyTo manage and oversee the human resources activities of a company30s
- Q6What does a Credit Manager do?Oversee financial reportingOversee credit risk management and credit underwritingOversee tax preparationOversee customer service30s
- Q7What is the main difference between a CFO and a Credit Manager?CFO is only responsible for managing credit activities of a company while a Credit Manager is responsible for managing all financial activitiesCFO is responsible for managing human resources activities of a company while a Credit Manager is responsible for managing financial activitiesCFO is responsible for managing marketing activities of a company while a Credit Manager is responsible for managing production activitiesCFO is responsible for managing all financial activities of a company while a Credit Manager is responsible for managing credit risk and underwriting30s
- Q8Who reports to the CFO?All financial departments and personnelAll marketing departments and personnelAll human resources departments and personnelAll production departments and personnel30s
- Q9Who reports to the Credit Manager?All financial analysts and underwritersAll production analysts and underwritersAll marketing analysts and underwritersAll credit analysts and underwriters30s
- Q10What is the goal of a CFO?To maximize employee moraleTo maximize profits and optimize financial performanceTo maximize customer satisfactionTo maximize production output30s