Some fundamental concepts that nonfinancial managers need to understand include:
A)the ability to assess day-to-day cash management.
B)the ability to assess future financing requirements.
C)the ability to understand the role of capital markets in raising long-term funds.
D)All of the above.

Question

Quizplus · Accepted Answer

Nonfinancial managers need to have a broad understanding of financial concepts that impact business decisions. This includes the ability to assess day-to-day cash management, which involves managing daily expenses and ensuring that there is enough cash on hand to meet short-term obligations. They also need to be able to assess future financing requirements, which involves understanding the company's long-term capital needs and finding sources of funding to meet those needs. Finally, nonfinancial managers need to understand the role of capital markets in raising long-term funds, which includes understanding how stocks and bonds are issued and traded and how they are used to finance large-scale projects.

Some Fundamental Concepts That Nonfinancial Managers Need to Understand Include