Acquiring and allocating financial resources among the company's activities and projects is the responsibility of the ________.
A)accounting function of the firm
B)external auditors
C)CFO
D)financial marketing manager

Question

Quizplus · Accepted Answer

Acquiring and allocating financial resources is a crucial aspect of financial management, which is the responsibility of the Chief Financial Officer (CFO) in a company. The accounting function primarily deals with recording and reporting financial transactions, while external auditors provide an independent assessment of the company's financial statements. The financial marketing manager focuses on promoting financial products and services to customers. Therefore, none of these functions are directly responsible for acquiring and allocating financial resources within a company.

Acquiring and Allocating Financial Resources Among the Company's Activities and Projects