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 financ
-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 in keeping with the organization's goals.
D)Both A and B.
E)Both A and C.

Question

Quizplus · Accepted Answer

Morgan's business classes would have taught him that as a financial manager, it is important to determine the best way to raise money (option A) and ensure that projected uses are in keeping with the organization's goals (option C). While ensuring the business success of the company is an important goal, it is not the primary responsibility of a financial manager. Therefore, the best choice would be option E - Both A and C.

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