Question

InfoTech is a computer application firm based in Silicon Valley and has been responsible for introducing some of the highest-rated applications available for personal productivity. Two brothers originally founded the company, but they quickly realized 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 a production facility in another country. The Board of Directors has approved this move, and now it will become the responsibility of which functional area to secure the necessary funding for the expansion?

Answer 1

Answer: Finance

Explanation:

Since the The Board of Directors has approved this move, it will become the responsibility of the finance department to secure the necessary funding for the expansion.

Finance Department is the department in an organization which is charged with the responsibility for fund acquisition, and fund management within the organization and also in charge of planning for expenditure of funds.