Question

The finance function is responsible for:

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

Answer 1

The finance function is responsible for managing cash flow, current assets, and capital investments.

Step-by-step explanation:

The finance function is responsible for managing cash flow, current assets, and capital investments.

One of the key responsibilities of the finance function is managing cash flow. This involves monitoring and controlling the inflow and outflow of cash to ensure that the organization has enough funds to meet its financial obligations, such as paying employees and suppliers.

The finance function is also responsible for managing current assets, which include inventory, accounts receivable, and cash. By effectively managing these assets, the finance function helps ensure that the organization can meet its short-term financial needs and maximize its profitability.

Additionally, the finance function is involved in evaluating and making capital investments. This includes analyzing potential investment opportunities, such as purchasing new equipment or acquiring another company, and determining the financial feasibility and potential return on investment.