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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
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)
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