As part of the task of managing cash flows, financial managers perform which of the following activities?
A) They collect financial data.
B) They present financial data.
C) They oversee the collection of accounts receivable.
D) They hire accountants.

Question

Quizplus · Accepted Answer

Financial managers oversee the collection of accounts receivable as part of their task of managing cash flows. They are responsible for monitoring and ensuring the timely receipt of payments from customers and clients. Collecting financial data, presenting financial data, and hiring accountants may also be part of their overall responsibilities, but these activities are not directly related to managing cash flows.

As Part of the Task of Managing Cash Flows, Financial