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1- Any company, whether it's a small-town bakery or General Motors, needs money to operate. To make money, it must first spend money-on inventory and
1- Any company, whether it's a small-town bakery or General Motors, needs money to operate. To make money, it must first spend money-on inventory and supplies, equipment and facilities, and employee wages and salaries. Therefore, finance is critical to the success of all companies. It may not be as visible as marketing or production, but management of a firm's finances is just as much a key to the firm's success. Therefore, Financial Managers are key in supporting their businesses but becoming more critical through the Coronavirus (COVID-19) crisis. Most will be urgently working through the issues and helping their businesses respond. Required (CLO#1): 1. What is the financial manager roles and goals in the organizations? (2 marks) 2. Discuss the impact of the Coronavirus on the financial manager's roles to support their originations during this crisis (2 marks)
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