Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region.

The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations.

The company is now considering expanding operations by building another facility in Canada.

The Board of Directors has approved this move.

Which functional area will be responsible for securing the necessary funding for the expansion?

a. Marketing

b. Accounting

c. Finance

Question

Business

Dawson Barnes

21 April, 14:56

Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region.

The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations.

The company is now considering expanding operations by building another facility in Canada.

The Board of Directors has approved this move.

Which functional area will be responsible for securing the necessary funding for the expansion?

a. Marketing

b. Accounting

c. Finance

+2

Answers (1)

Know the Answer?

Franco Meyer · Answer 1

The correct answer is letter "C": Finance.

Explanation:

A company's Financial Department is in charge of controlling the inflows and outflows of cash within an association. Finance is responsible for approving budgets based on the information provided by the accounting department. Those two divisions are in charge of reporting the financial statements of the firm.