Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 (30 MARKS) (a) One of the most important functions in any company is finance manager. The position not just handling account but it

image text in transcribed

QUESTION 1 (30 MARKS) (a) One of the most important functions in any company is finance manager. The position not just handling account but it goes far beyond that capacity. In fact, the finance manager is in charge of any financing and accounting function throughout the company. Based on that statement above you were required to:- i. Explain TWO (2) roles of finance manager (6 marks) Describe TWO (2) importance of finance manager (6 marks) (b) Explain rationale for selecting 'maximising shareholder's wealth' as the goal of the firm (3 marks) (c) Define the form of businesses: i. Sole proprietorship (3 marks) ii. Partnership (3 marks) iii. Company (3 marks) (d) State TWO (2) advantages and disadvantages of each form of businesses. (6 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Flipping Houses Mastering The Art Of Profitable Real Estate Investments

Authors: Bandra Blueprints

1st Edition

979-8395990426

More Books

Students also viewed these Finance questions

Question

What is American Polity and Governance ?

Answered: 1 week ago