Management and Organizational Studies 2310A/B Chapter Notes - Chapter 1: Tim Hortons, Capital Budgeting, Cash Flow

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2310A/B
• Professor: Nicholas Kahnert

Document Summary

These three questions are important to managers in all areas of corporation. Corporation employs managers to represent the owners" interests and make decisions on their behalf. In a large corporation, the financial manager is in charge of answering the three questions. It is a challenging task because changes in the firm"s operations and shifts in canadian and global financial markets mean that the best answers for each firm are changing. Globalization of markets and advanced communications and computer technology, as well as increased volatility of interest rates and foreign exchange rates, have raised the stakes in financial management decisions. Financial management function usually associated with a vp of finance or some other. Cfo president (coo) chairman (ceo) board of directors shareholders. Large companies often separate the roles of the chairman and ceo. Ceo has overall responsibility of the board. Vp of finance coordinates activities of the treasurer and the controller.