Understanding Managerial Finance in Business

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Questions and Answers

What is the flagship function of managerial finance according to R.N. Anthony (1965)?

Communicate
Management control (correct)
Plan
Anticipate

What is the primary aim of managerial finance?

Steer an organization towards its objectives (correct)
Management control
Achieve success in CSR policy
Ensure shareholder enrichment

In the context of managerial finance, what does 'piloting' refer to?

Setting financial goals
Directing operations (correct)
Controlling company activities
Evaluation of resources

Which set of skills does a manager need to call upon in the realm of managerial finance?

Management accounting, Taxation, Communication (A) Signup and view all the answers

How does H.BOUQUIN describe the role of management control in an organization?

Ensures efficient resource allocation for goal achievement (A) Signup and view all the answers

What is the primary role of management control, as described in the text?

Monitoring day-to-day actions to align with long-term strategies (D) Signup and view all the answers

What does a favorable or positive budget variance indicate?

Actual revenue is higher than the budgeted revenue (B) Signup and view all the answers

What is the main purpose of a budget within an organization, based on the text?

To empower operational managers and clarify responsibilities (D) Signup and view all the answers

How does the management controller contribute to the decentralization process within an organization?

By introducing commitment between senior management and delegated managers (C) Signup and view all the answers

Which statement best describes the relationship between management control and the Executive Board?

Management control is often attached to the Executive Board due to its strategic importance (A) Signup and view all the answers

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