Question

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

Answer 1

Answer: Finance

Explanation:

The functional area that will be responsible for securing the necessary funding for the expansion is the finance department.

The finance department refers to the department in an organization which is responsible for funds acquisition, funds management and planning for the expenditures on assets.

Since the company is expanding operations by building another facility in Canada, the finance department will provide the funds.