Financial Management: Role of Financial Manager and Decision-Making
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Questions and Answers

What is the primary responsibility of a financial manager?

  • Ensuring the financial health of the organization (correct)
  • Strategic planning only
  • Human resources management
  • Execution of financial activities only

    • What role does ethics play in financial decision-making?

  • Stifles creativity in decision-making
  • Not important in decision-making
  • Sets professional behavior standards (correct)
  • Determines the profitability of decisions

    • Which one of the following is NOT a responsibility of a financial manager?

  • Evaluating alternative courses of action
  • Ensuring the organization's financial health
  • Executing financial activities
  • Carrying out human resources activities (correct)

    • What is the core process of financial decision-making?

    <p>Evaluating alternative courses of action</p> Signup and view all the answers

    Why should financial managers adhere to high moral principles?

    <p>To guarantee integrity and trust</p> Signup and view all the answers

    Which of the following statements is true about a financial manager?

    <p>They play a pivotal role in an organization's financial wellbeing</p> Signup and view all the answers

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