Financial managers should focus solely on meeting the financial needs of their firms in the short run, leaving the longterm financial issues to the top management.

Question

Financial managers should focus solely on meeting the financial needs of their firms in the short run, leaving the long­term financial issues to the top management.

Quizplus · Accepted Answer

Financial managers should not only focus on meeting the short-term financial needs of their firms but also play a crucial role in the long-term financial planning and decision making of the organization. They are responsible for creating and implementing financial strategies that ensure the prosperity and growth of the organization in the long run. Therefore, financial managers should not overlook long-term financial issues but work closely with top management to address them effectively.

Financial Managers Should Focus Solely on Meeting the Financial Needs