Kent is the financial manager for a downtown department store. Which o

QUESTION

Kent is the financial manager for a downtown department store. Which of the following is NOT one of the roles he assumes?

A) oversee bill payment
B) minimize taxes
C) monitor accounting
D) set interest rates on loans
E) oversee collection of money owed

ANSWER

Answer: D
Explanation: D) Financial managers oversee bill payment, oversee collection of money owed, minimize taxes, and monitor accounting. Financial managers do NOT set interest rates on loans.