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A diversified industrial company operates multiple remote manufacturing facilities that manage local supplier relationships. The company draws on a single line of credit for all of its working capital needs. Which of the following types of disbursement systems would BEST meet this company's needs?

A.

Centralized check issuance drawn on a central disbursement bank

B.

Decentralized check issuance drawn on a local disbursement bank

C.

Decentralized check issuance drawn on a central disbursement bank

D.

Centralized check issuance drawn on a local disbursement bank

In a large company, the person who normally oversees both the treasury and the accounting functions is the:

A.

treasurer.

B.

chief operations officer.

C.

chief financial officer.

D.

controller.