Role

Question 1

Strategic role of finance

Answer 1

The management and allocation of financial resources within the other kbf’s to ensure that a business continues to operate and achieve its overarching goals of wealth maximisation, financial stability and profitability

Question 2

Objectives

Answer 2

1. Liquidity
2. profitability
3. Efficiency
4. Growth
5. Solvency

Question 3

Interdependance (contribution)

Answer 3

Providing financial resources required for other kbf’s to function and achieve their objectives

Question 4

Interdependance (reliance)

Answer 4

Operations: Produce a high value added product to achieve the strategic role of finance
Marketing: Generate sales revenue
HRM: developing most productive human resources + maintain relationships