(Answered) Problem1 identify one of the principal responsibilities of

Finance

Problem:

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.

Additional Information:

These questions is from Finance and the first question explains the roles and responsibilities of financial managers including CFO, Treasurer, Controller and their role in being ethical and efficient. The second question explains about market variables which affect the market value of company and the factors which increase or decrease the financial value of the firm. All these are stated in detail in the solution.

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