Business Managment

Chapter 06 Assignment: Understanding the Management Process =16of25 Total points: - /5 Which of the following is correct regarding financial management as an area of management specialization? Financial managers manage the systems that convert resources into goods and services. Financlal managers are not primarily responsible for an organization's financial resources, as that responsibility is typically outsourced to an independent accounting firm. Many CEOS and presidents of large companies were first trained as financial managers. Specific areas within financial management include product management, sales, and distribution