Financial managers are BEST described by which of the following?

Question

Quizplus · Accepted Answer

Financial managers are responsible for tracking how money is flowing into and out of the firm, as well as managing financial risks and making decisions on investments, financing, and dividend policies. While profit maximization is an important goal, it is not the only focus of financial managers, as they also have to consider factors such as liquidity, solvency, and shareholder value. They are not typically called operations managers but work closely with them to ensure that the organization's financial objectives are aligned with its operational goals. Financial managers are involved in long-term strategic planning, as they have to anticipate and react to changes in the business environment, financial markets, and regulatory framework to ensure the financial sustainability and growth of the firm.

Financial Managers Are BEST Described by Which of the Following