Which of the following functions must financial managers perform?
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 must evaluate the firm's recent financial performance and plan for wise use of financial resources, including working capital decisions and investment opportunity decisions. Segmentation of the market and distribution strategies, as well as development of organization design and reporting structure, are not primarily the responsibility of financial managers. Additionally, while financial managers may oversee accounting, auditing, and bookkeeping functions, they do not necessarily perform those functions themselves.

Which of the Following Functions Must Financial Managers Perform