Financial managers devote the majority of their time obtaining long-term financing to fund the firm's capital expenditures.

Name: Financial managers devote the majority of their time obtaining long-term financing to fund the firm's capital expenditures.
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Question

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While obtaining long-term financing is an important responsibility of financial managers, it is not the majority of their time. Financial managers also engage in activities such as financial analysis, budgeting, and risk management.

Financial Managers Devote the Majority of Their Time Obtaining Long-Term