Financial Management: Role of Financial Manager and Decision-Making

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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 (D)</p> Signup and view all the answers

Why should financial managers adhere to high moral principles?

<p>To guarantee integrity and trust (A)</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 (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

Use Quizgecko on...
Browser
Browser