Write TRUE if the statement is correct, and FALSE if incorrect. 1 Profit maximization creates ownership-management controversy 2 The financial manager need not be aware of the operational process and finance required for each process of production activities. 3 Proper use and allocation of funds leads to improve the operational efficiency of the business concern. 4 Profit is the measuring techniques to understand the business efficiency of the concern 5 One favorable argument for profit maximization is that it leads to exploiting workers and consumers. 6 A person who deals with finance related activities is called finance manager. 7 The business goal can be achieved only with the help of effective management of finance. 8 Profit maximization is superior to the wealth maximization because the main aim of the business concern under this concept is to improve the value or wealth of the shareholders. 9 The only objective of financial management is profit maximization. 10 Finance manager is expected to analyze the business firm and is only concerned with the total fund requirement of the firm.

Research

Research one (1) publicly listed company and present the following:

a. organizational structure

b. define and explain how its finance department works