General Studies · Role of Financial Manager and Investment Decisions
Consider the truth value of the following statements regarding investment decisions and the evolving role of the financial manager: Statement 1: A long-term investment decision, such as the purchase of a production line, creates a dual impact by simultaneously shaping the asset side of the balance sheet and dictating the firm's future earning potential. Statement 2: In the contemporary business environment, the financial manager's role remains strictly custodial and clerical, primarily limited to record-keeping and raising funds only when required.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements are false.
- 2Statement 1 is false, but Statement 2 is true.
- 3Statement 1 is true, but Statement 2 is false.✓
- 4Both statements are true.
Correct answer
Statement 1 is true, but Statement 2 is false.
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