The term CEO or CFO can be summarized as an executive position. The acronym EXEC is a four letter word that stands for executive, which is the title of the person who holds the position of CEO or CFO. This individual is responsible for the overall management and direction of a company, including setting goals, developing strategies, and making decisions. They are also responsible for overseeing the financial operations of the company, such as budgeting, accounting, and auditing.