Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What type of policy might a financial manager control?

Discounts offered to customers
Employee benefit programs
Facility maintenance schedules
Corporate marketing strategies

The correct answer is: Discounts offered to customers

A financial manager typically has control over financial policies that directly affect the company's revenue and cash flow. Discounts offered to customers fall under pricing strategies, which have a significant impact on sales volume, revenue, and overall financial performance. Financial managers analyze the effects of discounts on profit margins and cash flow, making decisions to optimize these aspects to meet the organization's financial goals. In contrast, employee benefit programs, facility maintenance schedules, and corporate marketing strategies are generally managed by other departments. Employee benefits are usually overseen by human resources, while facility maintenance is typically handled by operations or facilities management. Corporate marketing strategies are crafted by marketing teams, focusing on branding and market positioning rather than direct financial control. Thus, the control over discounts offered to customers best aligns with the responsibilities of a financial manager, as it directly influences revenue generation and overall financial strategy.