In his traditional role the finance manager is responsible for ___________.
A. proper utilisation of funds
B. arrangement of financial resources
C. acquiring capital assets of the organization
D. efficient management of capital
Answer: Option B
Solution(By Examveda Team)
In his traditional role the finance manager is responsible for arrangement of financial resources. Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.This Question Belongs to Commerce >> Financial Management
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Comments ( 2 )
Investment is the _______________.
A. net additions made to the nation’s capital stocks
B. person’s commitment to buy a flat or house
C. employment of funds on assets to earn returns
D. employment of funds on goods and services that are used in production process
Financial Management is mainly concerned with ______________.
A. All aspects of acquiring and utilizing financial resources for firms activities
B. Arrangement of funds
C. Efficient Management of every business
D. Profit maximization
The primary goal of the financial management is ____________.
A. to maximize the return
B. to minimize the risk
C. to maximize the wealth of owners
D. to maximize profit
In his traditional role the finance manager is responsible for ___________.
A. proper utilisation of funds
B. arrangement of financial resources
C. acquiring capital assets of the organization
D. efficient management of capital
IN TRADITIONAL APPROACH WHEN TERM ''CORPORATION FINANCE" WAS USED TO WHAT WE KNOW TODAY AS ''FINANCIAL MANAGEMENT'' ACCORDING TO TRADITIONAL APPROACH FINANCE FUNCTION WAS CONFINED TO ONLY PROCUREMENT OF FUNDS NEEDED BY BUSINESS ON MOST SUITABLE TERMS. THE UTILIZATION OF FUNDS WAS CONSIDERED BEYOND THE PURVIEW OF FINANCE FUNCTION
SO OPTION '' B'' IS CORRECT
the traditional role of finance revolved around finance seen as just use of funds during episodic events like mergers, promotion etc. please provide a detailed answer