GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which type of function may be performed by the finance manager for management of profitability?
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Pricing
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Cost control
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Forecasting future Profits
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All of the above
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Explanation:
Detailed explanation-1: -Mobilizing funds, Risk returns trade off, Deployment of funds and Control over the uses of funds are the function of the finance manager.
Detailed explanation-2: -The functions of financial management involve organising, planning, controlling and directing an organisation’s financial activities. It includes applying different management principles to financial assets.
Detailed explanation-3: -Raising of Funds. In order to meet the obligation of the business it is important to have enough cash and liquidity. Allocation of Funds. Profit Planning. Understanding Capital Markets.
There is 1 question to complete.