Morgan's Transition
Morgan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Morgan now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Morgan's Transition. Morgan's business classes taught him that the financial manager should do which of the following?
A) Ensure that funds are available when needed
B) Ensure the business success of the company
C) Ensure that obtained funds are used efficiently
D) Both A and B
E) Both A and C

Question

Quizplus · Accepted Answer

Morgan's business classes have taught him about the critical skills needed in corporate finance, including the importance of ensuring that funds are available when needed (answer A) and that obtained funds are used efficiently (answer C). While ensuring business success (answer B) is important, it is not necessarily the primary responsibility of a financial manager. Therefore, the best choice is E, as it includes both correct answers.

Morgan's Transition Morgan Is Currently a Manager of a Small Financial Planning