Question

What is the responsibility of the financial manager in allocation of funds decisions?

a.

Identifying situations that require more funds

b.

Ensuring proper use of funds

c.

Both a and b

d.

None of the above

Answer: (c).Both a and b Explanation:The financial manager's responsibility in allocation of funds decisions includes identifying situations that require more funds and ensuring proper use of funds.

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Q. What is the responsibility of the financial manager in allocation of funds decisions?

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