Question

What benefit can the CFO of a firm contribute to the process of considering and selecting...

What benefit can the CFO of a firm contribute to the process of considering and selecting new projects for the firm to pursue?

a

The CFO is the second most powerful position in a firm, and the backing of the CFO can ensure the success of a project.
b

The CFO has a view of the firm as a whole and can understand how a proposed project fits into the firm's overall strategy and how a proposed project can add value to the firm.
c

The CFO makes the final decision on the expenditure of funds by the firm, so the CFO has to approve of a new project if it is going to go forward.
d

The CFO is ultimately responsible for the success or failure of projects, so the CFO has to approve a project before it can be undertaken.
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Answer #1

Ans b) The CFO has a view of the firm as a whole and can understand how a proposed project fits into the firm's overall strategy and how a proposed project can add value to the firm.

Benefit that CFO of a firm contribute to the process of considering and selecting new projects for the firm to pursue is to have a view of the firm as a whole and can understand how a proposed project fits into the firm's overall strategy and how a proposed project can add value to the firm.

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