Final answer:
The primary role of a finance manager is to make investment and financing decisions. They play a vital part in determining how to secure and allocate financial resources to support a company's objectives.
Step-by-step explanation:
The primary job of a finance manager is primarily to make investment and financing decisions. This role is central to a company's financial health and involves analyzing the various options for raising capital, deciding on the appropriate mix of debt and equity, and effectively managing the firm's financial resources to achieve the organization's goals.
Shareholders choose the actual company managers through elections held during the company's annual general meeting or through the board of directors, which represents shareholders' interests. Banks are referred to as financial intermediaries because they facilitate the flow of funds from savers to borrowers. When it comes to raising funds for expansion, a firm would have to assess the pros and cons of either issuing stock, which dilutes ownership but does not require repayment, or borrowing, which imposes repayment obligations but leaves ownership intact.
}