Question:
What is the most important type of decision that the financial manager makes? (Select the best choice below.)
a. The financial manager's most important job is to make the firm's investment decisions.
b. The financial manager's most important job is to make the firm's financing decisions.
c. The financial manager's most important job is to make the firm's dividend decisions.
d. The financial manager's most important job is to make the firm's payment decisions.
Financial Management:
A firm usually raises funds by using two prominent sources, namely, shareholders' equity and liabilities. The shareholders' equity may be raised in the form of preferred and common equity while liabilities may be raised in the form of current and non-current liabilities.
Answer and Explanation:1
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The correct answer is a. The financial manager's most important job is to make the firm's investment decisions.
This, also known as capital...
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