In planning and managing the requirements of a firm, the financial manager is concerned with ________
A) the mix and type of assets, but not the type of financing utilized
B) the type of financing utilized, but not the mix and type of assets
C) the acquisition of fixed assets, allowing someone else to plan the level of current assets required, and the market value of the share
D) the mix and type of assets, the type of financing utilized, and analysis in order to monitor the financial condition
D
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All of the following statements were the interrelated themes of broader responsibility that emerged during the Progressive era EXCEPT
A. managers were trustees, whose corporate roles put them in positions of power. B. managers had an obligation to balance multiple interests. C. many managers subscribed to the service principle. D. managers concentrated more on promoting their self-interests.
Why are historical episodes valuable to economists?
a. They allow economists to see how far the discipline has evolved. b. They allow economists to evaluate economic theories of the present. c. Hindsight is always 20/20. d. It is easier to evaluate a past situation than to predict a future situation.