Activity 1

Who oversees the overall operations and resources of the company?

• VP for Production

• President/Chief Executive Officer (CEO)

• Board of Directors

• VP for Marketing

What is the responsibility of the VP for Marketing?

• Formulating marketing strategies and plans

• Ensuring production meets customer demands

• Coordinating the functions of administration, finance, and marketing departments

• Directing and coordinating company sales

What does the term 'Working Capital' refer to?

• The main concern of operating decisions

• Short-term assets and liabilities of a firm

• The total amount of funds that a firm can commit for investment

• The science and art of managing money

What is the role of the VP for Finance?

• Determining the total fund requirements of the firms

• Ensuring production meets customer demands

• Formulating marketing strategies and plans

• Coordinating the functions of administration, finance, and marketing departments

What is the goal of financial management?

• To increase the number of employees in the company

• To reduce the company's revenue

• To maximize the value of shares of stocks

• To minimize the risk involved in investments

What are the responsibilities of the Board of Directors?

• Coordinating the functions of administration, finance, and marketing departments

• Ensuring production meets customer demands

• Setting policies on investments and capital structure

• Determining the optimal dividend distribution

What is the main concern of operating decisions?

• Determining the total amount of funds for investment

• Managing the working capital of the firm

• Identifying the optimal dividend distribution

• Formulating marketing strategies and plans

What is the responsibility of the President or CEO?

• Ensuring production meets customer demands

• Directing and coordinating company sales

• Overseeing the operations of a company

• Determining the appropriate capital structure of the company

What is the role of the Finance Manager?

• Allocating funds to current and fixed assets

• Identifying the optimal dividend distribution

• Ensuring production meets customer demands

• Determining the total fund requirements of the firms

What is the function of Investing?

• Determining the total amount of funds for investment

• Identifying the optimal dividend distribution

• Allocating funds to current and fixed assets

• Putting excess cash to make it more profitable