Briefly Explain the Three Responsibilities of a Financial Manager

question 92

Essay

Briefly explain the three responsibilities of a financial manager.

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Definitions:

Group-Level Goals

Objectives set by a group that are intended to be achieved through collective effort.

Leadership And Management

Refers to the acts of guiding, directing, and administering organizations or groups towards achieving their objectives, with leadership focusing more on vision and inspiration, and management on the execution and organization.

Stressful Situation

A scenario that causes stress or tension, typically requiring significant mental, emotional, or physical effort to manage or overcome.

Direct And Indirect

Refers to the manner in which communication, influence, or actions occur; directly involves no intermediaries, while indirectly involves one or more intermediaries.