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?

    <p>Risk assessment and mitigation</p> Signup and view all the answers

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

    <p>Human resource decisions</p> Signup and view all the answers

    What does ROA stand for in finance?

    <p>Return on Assets</p> Signup and view all the answers

    How does financial management differ from financial accounting?

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

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

    <p>Supply Chain Department</p> Signup and view all the answers

    What is the significance of financial management for a business?

    <p>To maximize shareholder wealth</p> Signup and view all the answers

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

    <p>Strategic financial planning and decision-making</p> Signup and view all the answers

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