GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Raising of funds and their effective utilisation
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Management of cash
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Raising of funds
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None of these
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Detailed explanation-1: -Finance manager is responsible for financial health of the organisation. Therefore, they are responsible for raising of funds & their effective utilisation.
Detailed explanation-2: -In order to meet the obligation of the business it is important to have enough cash and liquidity. A firm can raise funds by the way of equity and debt. It is the responsibility of a financial manager to decide the ratio between debt and equity. It is important to maintain a good balance between equity and debt.
Detailed explanation-3: -Solution(By Examveda Team) In his traditional role the finance manager is responsible for arrangement of financial resources. Financial managers are responsible for the financial health of an organization.