The Finance Function Is Responsible For

question 105

Multiple Choice

The finance function is responsible for:

• A) sales, generating customer demand, and understanding customer wants and needs.
• B) plans and coordinates all the resources needed to design, produce, and deliver the merchandise to its various retail locations.
• C) planning, coordinating, and controlling the resources needed to produce a company's products and services.
• D) managing cash flow, current assets, and capital investments.
• E) efficiency and costs.

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Definitions:

IASB

The International Accounting Standards Board, responsible for developing and publishing the International Financial Reporting Standards (IFRS).

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting.

Standard-Setting

The process of establishing norms or regulations that dictate the quality and safety of products, services, or systems within an industry.

Political Considerations

These refer to the impact that politics and government policy can have on economic issues, investments, and the overall business environment.