Which of the Following Is Not a Responsibility of Financial

question 163

Multiple Choice

Which of the following is not a responsibility of financial managers?

• A) Determining a firm's long-term investments
• B) Managing risks
• C) Obtaining loans
• D) Identifying markets for the company's products in order to ensure good cash flow
• E) Conducting the firm's everyday financial activities

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Definitions:

Marginal Tax Rate

The tax rate applied to the last dollar of income, representing the percentage of tax paid on any additional dollar of income.

Taxable Income

The portion of an individual's or entity's income used to calculate how much tax they owe to the government, after deductions and exemptions.

Regressive

Relating to a tax system in which the tax rate decreases as the taxable amount increases, often considered less fair to lower-income individuals.

Progressive

Pertaining to ideas, policies, or attitudes favoring progress, change, improvement, or reform, particularly in social conditions.