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6 Cards in this Set
- Front
- Back
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Finance is concerned with...
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the acquisition and allocation of funds among a firm's activities.
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what are the two functions of a chief financial officer?
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1. financing decisions-
2. investment decisions- |
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what are financing decisions?
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generating funds internally or externally at the lowest cost
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What are investment decisions?
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allocating funds over time in such a way that shareholder wealth is increased.
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What is the financial goal of the firm?
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to maximize the shareholders' wealth
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How has the CFO's duties changed?
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Today a CFO designs corporate strategies and serves as the architecht for acquisitions, takeover defenses, overseas expansion, and corporate restructuring.
often on Board of Directors often 3rd in Co. behind Prez & VP. |
