Management is responsible for devising, executing, monitoring, and reporting on

Question

Management is responsible for devising, executing, monitoring, and reporting on a complete financial plan for a business that focuses on the following: Profitability—ability to earn a satisfactory net income. Total Asset Management— use assets to maximize revenue. Liquidity—ability to pay bills when due and to meet unexpected needs for cash. Financial Risk – the risk involved in making a loan or investment. Operating Asset Management – using current assets and current liabilities in a way that supports revenue growth and minimizes investment.

True False

Explanation / Answer

YES, the answer is true

MANAGEMENT RESPONSIBILITIES

Apart from the above the management will also have the following responsibilities

Strategic Planning

Planning and organizing is a core function of business management. Business planning involves developing business goals, and designing strategies and organizing business resources to advance those goals

Decision-Making

Management is responsible for the decision-making in an organization, such as choices related to changes needed to adapt to external and internal factors that impact business operations

Informational Role

Management is charged with informational responsibilities in an organization, disseminating relevant information within the workplace. This might include collecting, monitoring and reporting relevant data used to analyze business performance.

Interpersonal Role

Interpersonal communication is an important part of a manager's duties across the board when communicating with customers, employees and suppliers. As a leader within the organization, a manager is a symbol of leadership, setting the atmosphere and tone of the organization.

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