Examveda
Examveda

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.

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Comments ( 2 )

  1. Cool Alone
    Cool Alone :
    2 years ago

    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

  2. Omar Khan
    Omar Khan :
    4 years ago

    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

Related Questions on Financial Management

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