Final answer:
Charlie is likely the CEO of a firm, responsible for high-level decision-making and overseeing various departments. As information about firm's operations becomes more available, outside investors are more willing to provide capital even without personal knowledge of the managers.
Step-by-step explanation:
Charlie oversees all operations of a firm, including purchasing, manufacturing, human resources, finance, and accounting functions. In this capacity, Charlie is likely the Chief Executive Officer (CEO) or a similar high-ranking executive of the firm. The CEO is responsible for making strategic decisions, overseeing the company's overall operations, and ensuring that the firm achieves its goals. As firms grow and information regarding their products, revenues, costs, and profits becomes more accessible, the need for personal knowledge of managers by investors diminishes. Consequently, outside investors like bondholders and shareholders may feel more comfortable investing in the firm without a personal connection to its management.