Morgan's Transition
Morgan is currently a manager of a small financial planning firm.He is seeking a new career with a large corporation in the banking industry.He recently applied for the financial manager opening at G & T Bank.He is concerned that the transition from his small firm to a large corporation will be difficult.To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance.The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing.Morgan now believes he has strengthened his competitive advantage in his quest for the job.
-Refer to Morgan's Transition.Morgan's business classes taught him that the financial manager should do which of the following?
A) determine the best way to raise money
B) ensure the business success of the company
C) ensure that projected uses are congruent with the organization's goals
D) Both a and b are correct.
E) Both a and c are correct.

Question

Quizplus · Accepted Answer

Morgan's business classes have taught him about equity and debt financing, which are both related to determining the best way to raise money (option A). Additionally, the classes have emphasized the importance of ensuring that projected uses of funds align with the organization's goals (option C). Both options A and C are correct, making option E the best choice. Option B is not entirely correct, as the financial manager's responsibilities go beyond ensuring the overall success of the company.

Morgan's Transition Morgan Is Currently a Manager of a Small Financial Planning