Question

24 - Which of the following is a fundamental decision in financial management?

Select one:

a. Selecting the appropriate systems software for the accounting division

b. Recruiting and selecting the best staff across all of the firm's divisions

c. Determining how the firm should finance or pay for assets

d. Determining the correct product mix and marketing strategy

Answer 1

Option (c) is correct

Determining how the firm should finance or pay for assets is a fundamental decision in financial management.

Option (a) is incorrect as selecting appropriate systems software is the decision of information technology and not of financial management.

Option (b) is incorrect recruiting and selecting is a function of human resource management.

Option (d) is incorrect as correct product mix and marketing strategy is a decision of marketing management.