Financial managers devote the majority of their time to obtaining long-term financing to fund the firm's capital expenditures.

Question

Quizplus · Accepted Answer

While obtaining long-term financing is an important aspect of financial management, it is not the sole focus. Financial managers also analyze financial data, manage cash flow, invest in short-term assets, and make financial decisions to increase the firm's overall value.

Financial Managers Devote the Majority of Their Time to Obtaining