1. Identify one of the principal responsibilities of each of the following financial managers: (a) Chief Financial Officer (CF0), (b) Treasurer, and (c) Controller. How important is that these financial managers are: (d) ethical; (e) efficient? Explain.
2. (a) Identify three market variables whose value affects the financial market value of a company. (b) State whether an increase in the value of each variable would increase or decrease the financial market value of the firm. (c) Is it efficient for financial managers to adjust their business practices to important changes in market conditions? Explain.
These questions belong to Finance and the first question discusses the roles and responsibilities of financial managers including CFO, Treasurer, Controller and their role in being ethical and efficient. The second question discusses about market variables which affect the market value of a company and the factors that increase or decrease the financial value of the firm. All these are discussed in detail in the solution.
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