Financial management is the job of managing a firm's resources to meet its goals and objectives. without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness. financial managers are faced with many different jobs in an organization in order to meet these financial goals.
Read each person's role and select whether the activity is the job of a financial manager or not.
1. celeste is planning out when the firm will pay its bond payment.
a. job of a financial manager
b. not a job of a financial manager
2. jane is developing new market strategies to increase sales in the southwest region of italy.
a. job of a financial manager
b. not a job of a financial manager
3. jason is preparing the financial statements for the fourth quarter.
a. job of a financial manager
b. not a job of a financial manager
4. jesse is in the process of estimating the revenues and expenses for the next quarter.
a. job of a financial manager
b. not a job of a financial manager
5. john is seeking alternate and creative ways to pay the firm's bills.
a. job of a financial manager
b. not a job of a financial manager
6. karla is determining if the finances of the company are correct and in order.
a. job of a financial manager
b. not a job of a financial manager
7. laynah is researching an alternative to warehousing by using a jit inventory system.
a. job of a financial manager
b. not a job of a financial manager
8. neil is analyzing the funds for the organization and determining whether bonuses should be paid out to employees.
a. job of a financial manager
b. not a job of a financial manager
9. nick is evaluating some different options to the company secure funding for a major equipment purchase.
a. job of a financial manager
b. not a job of a financial manager
10. steve is looking for strategies that would the firm reduce its taxes.
a. job of a financial manager
b. not a job of a financial manager
11. tim is giving top management his opinion on financial matters that will impact the firm.
a. job of a financial manager
b. not a job of a financial manager
12. tony is conducting a team-building workshop.