Karissa's lawn care business has become more successful than she had ever imagined, and she finds it necessary to hire an employee who will be responsible for ensuring that the company has sufficient funds to operate, managing those funds effectively, and securing additional funds if and when needed. As such, Karissa's new employee will be responsible for which of the following?
A) strategic planning
B) accounting
C) monetary policy
D) financial management

Question

Quizplus · Accepted Answer

Financial management involves ensuring sufficient funds are available, managing them effectively, and securing additional funds if necessary. This role aligns with the responsibilities outlined for Karissa's new employee. Strategic planning involves making decisions about the company's long-term goals and the actions necessary to achieve them, which does not directly align with the role described. Accounting involves recording financial transactions and generating financial statements, but does not necessarily include managing funds or securing additional funding. Monetary policy is usually the responsibility of a central bank or government, and involves setting interest rates and controlling the money supply, which is not applicable to a small business owner hiring a new employee.

Karissa's Lawn Care Business Has Become More Successful Than She