Of the following activities, which is MOST likely to be an interaction between the financial manager and the manufacturing manager?
A) Setting of credit policies
B) Developing a system to bill customers, pay suppliers, and track inventory
C) Budgeting the timing and amount of cash needed for the production schedule
D) Determining that there are a sufficient number of trained workers to develop the product
Answer: C
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Which of the following is typically a feature of preferred stocks?
A) They are settled prior to common stocks during liquidation. B) They are mostly noncumulative in nature. C) They are paid dividends that grow at a constant rate. D) They carry voting rights and have maturity date.
Why is the debt limit ratio and 28/36 rule more important to conservative lenders like Banks and Credit Unions and not so important for lenders like small Finance companies and Payday lenders?
What will be an ideal response?