The financial manager must execute his or her duties independent of the other activities of the firm in order to properly maximize the value of the firm.

Question

Quizplus · Accepted Answer

The financial manager must work closely with other parts of the firm (such as marketing, operations, and human resources) to ensure that financial decisions are made with a comprehensive understanding of the firm's overall strategy and operations, aiming to maximize the value of the firm. Independence in decision-making does not equate to isolation from other business functions.

The Financial Manager Must Execute His or Her Duties Independent