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21 September, 05:59

Making good investment and financing decisions is the chieftask of the financial manager. a. True b. False

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  1. 21 September, 06:02
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    True

    Explanation:

    Making good investment and financing decisions is the chief task of the financial manager.

    Financial manager is the one who take care the finance department of the company. He is responsible for all type of decisions related finance. He plans long - term financial plans for the organisation. He take decisions related to the investments which a company need to made.

    Financing decision is that decision in which the financial manager decide how the fund will be obtain from long term sources which is required by the company. There are various ways to obtain long term financial sources like equity share capital, preference share capital, debentures, long term loans, etc.
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