Question

Financial management is the job of managing a firm's resources to meet its goals and objectives. Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness. Financial managers are faced with many different jobs in an organization in order to meet these financial goals.

Read each person’s role and select whether the activity is the job of a financial manager or not.

Celeste is planning out when the firm will pay its bond payment.

multiple choice
a. job of a financial manager
b. not a job of a financial manager

Answer 1

Planning when a firm will pay its bond payments is a critical aspect of financial management and falls under the responsibilities of a financial manager. This task is essential for maintaining the firm's creditworthiness and ensuring it can meet its financial obligations to bondholders. The correct option is a. job of a financial manager

Step-by-step explanation:

Celeste is tasked with planning out when the firm will pay its bond payments. In the context of financial management, this responsibility is directly associated with managing a firm's liabilities and ensuring that the firm can meet its long-term obligations.

Planning for bond payments is essential because it involves the scheduling of interest payments and the principal repayment to bondholders, who are external investors providing financial capital to the firm.

The activity of planning bond payments is reflective of managing cash flows and debt, which are fundamental aspects of a financial manager's role.

Therefore, Celeste's role in determining the timeline for bond payments is indeed the job of a financial manager. The correct option is a. job of a financial manager