Which of the following department in an organization is responsible for documenting and the controlling the incoming and outgoing cash flows as well as the actual handling of the cash flows?

Question

Options

• AHuman Resource
• BFinancial
• CStakeholder
• DManagement

• B
  95% (35)
• C
  3% (1)
• D
  3% (1)

Explanation

Roles and responsibilities of the finance department are important for the smooth operation of the business. The most common function of this department is the documentation and controlling of incoming and outgoing cash flows as well as the actual handling of the cash flows. The responsibilities of the finance department are as follows: - Budget management - Grants management - Salary administration - Property management Answer option D is incorrect. It is the responsibility of management to ensure that employees are provided for in terms of finances, health care, and other related economic issues as well as making certain that more ethereal social issues, such as community viability and emotional stability are positive. Answer option A is incorrect. The responsibilities of HR (Human Resource) depend on the size of the organization. HR directors and HR managers head up several different departments that are led by functional or specialized HR staff, such as the training manager, the compensation manager, or the recruiting manager. Answer option C is incorrect. Stakeholder has direct or indirect stake in an organization. Key stakeholders in a business organization include creditors, customers, directors, employees, government, owners, suppliers, unions, and the community from which the business draws its

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