Financial managers must perform a number of functions,including which of the following?
A)Evaluating the firm's recent financial performance and planning wise use of financial resources, including working capital decisions and investment opportunity decisions.
B)Segmenting the market for the firm and deciding on distribution strategies.
C)The development of the organization design and reporting structure so that the CEO and other top executives can efficiently implement their long-term strategic decisions.
D)The accounting, auditing, and bookkeeping functions for the firm.

Question

Quizplus · Accepted Answer

Financial managers are primarily responsible for evaluating the financial performance of the firm and making decisions related to the wise use of financial resources, such as working capital and investment opportunities. This involves analyzing financial statements, forecasting future financial performance, and determining the most effective allocation of resources. Financial managers typically work closely with other departments within the organization, such as marketing, operations, and accounting, to ensure that financial decisions are aligned with overall business objectives. B, C, and D are not within the typical responsibilities of a financial manager.

Financial Managers Must Perform a Number of Functions,including Which of the Following