Questions: Multiple Cholce Questlon Refer to Table 6.3 Which type of manager is responsible for obtaining the money needed for the successful operation of the organization? Financial managers Administrative managers Marketing managers Production and operations managers

Multiple Cholce Questlon
Refer to Table 6.3 Which type of manager is responsible for obtaining the money needed for the successful operation of the organization?
Financial managers
Administrative managers
Marketing managers
Production and operations managers
Transcript text: Multiple Cholce Questlon Refer to Table 6.3 Which type of manager is responsible for obtaining the money needed for the successful operation of the organization? Financial managers Administrative managers Marketing managers Production and operations managers
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Solution

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Answer

The answer is Financial managers.

Explanation
Option 1: Financial managers

Financial managers are responsible for obtaining the money needed for the successful operation of the organization. They handle financial planning, management of financial risks, record-keeping, and financial reporting. Their primary role is to ensure that the organization has the necessary funds to meet its operational needs and strategic goals.

Option 2: Administrative managers

Administrative managers oversee the day-to-day operations of an organization, ensuring that everything runs smoothly. They are not primarily responsible for obtaining funds but rather for managing the administrative functions and supporting the overall infrastructure of the organization.

Option 3: Marketing managers

Marketing managers focus on promoting and selling products or services. Their main responsibilities include market research, advertising, and developing marketing strategies. They are not directly involved in obtaining funds for the organization.

Option 4: Production and operations managers

Production and operations managers are responsible for overseeing the production process and ensuring that operations run efficiently. They focus on managing resources, production schedules, and quality control, rather than securing financial resources for the organization.

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