Which of the following observations is true?
A) In an organization, opportunities rarely compete for capital.
B) A dividend refers to the money invested in a firm.
C) The chief operations officer usually handles money matters in a firm.
D) Marketing plans that are funded usually must work within a budget constraint.
E) There's no reason for a firm's marketing manager and financial manager to work together since they are in different functional areas.

Question

Quizplus · Accepted Answer

Marketing plans that are funded usually must work within a budget constraint. This means that the marketing manager must work with the financial manager to ensure that the marketing plan fits within the budget constraints of the organization. Option A is incorrect as opportunities for capital are often in competition with each other. Option B is incorrect as dividends refer to the distribution of profits to shareholders, not money invested in a firm. Option C is incorrect as the chief financial officer usually handles money matters in a firm. Option E is incorrect as collaboration between the marketing and financial managers is essential for the success of the organization.

Which of the Following Observations Is True