Asked by Dellarose Dickson on Jun 30, 2024
Verified
The functions of the finance department include all of the following activities except:
A) paying employees and vendors.
B) selling products to customers.
C) receiving payments from customers.
D) selling stock.
E) paying dividends.
Finance Department
A corporate sector tasked with overseeing financial operations, risk management, and strategic planning related to finance.
Dividends
Dividends are payments made by a corporation to its shareholder members, usually extracted from the company's earnings.
Selling Stock
The process of offering shares of a company's capital to investors in exchange for capital, diluting ownership but potentially raising funds for growth.
- Identify the functions and responsibilities of the finance department within a corporation.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
B
Explanation :
The finance department is responsible for managing the financial resources of the company, which includes tasks such as managing cash flow, forecasting financial performance, making investment decisions, and providing financial reporting. Selling products to customers is not a function of the finance department, as it is primarily focused on the financial management aspect of the business rather than the operational side.
Learning Objectives
- Identify the functions and responsibilities of the finance department within a corporation.