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Organizational Structure in Finance Management

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Organizational Structure in Finance Management

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Questions and Answers

What is the primary goal of financial management?

Maintain the wealth of the shareholders

Minimize the wealth of the shareholders

Ignore the wealth of the shareholders

Maximize the wealth of the shareholders (correct)

Which of the following best describes the role of a Finance Manager?

Marketing and sales

Strategic financial planning (correct)

Human resource management

Operational management only

In a typical organization, the Finance Department usually reports to:

Marketing Department

Chief Financial Officer (correct)

Production Department

Human Resources Department

What is a key responsibility of the Finance Manager?

Risk assessment and mitigation Signup and view all the answers

Which of the following is NOT a major type of decision made by a Finance Manager?

Human resource decisions Signup and view all the answers

What does ROA stand for in finance?

Return on Assets Signup and view all the answers

How does financial management differ from financial accounting?

Financial management involves decision-making, while financial accounting involves record-keeping. Signup and view all the answers

Which department is likely to closely collaborate with the Finance Department to manage cash flow effectively?

Supply Chain Department Signup and view all the answers

What is the significance of financial management for a business?

To maximize shareholder wealth Signup and view all the answers

What makes a Chief Financial Officer (CFO) a key player in an organization?

Strategic financial planning and decision-making Signup and view all the answers