As a function of financial management, financial managers must understand tax regulations because ______. (Select all that apply)

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04-05-2022
Business

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As a function of financial management, financial managers must understand tax regulations because ______. (Select all that apply)

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ayokenny2001 ayokenny2001 · Answer 1 · 2022-05-09T10:35:31+02:00

Financial managers must understand tax regulations because businesses want to minimize taxes and they must consider the tax implications of major decisions.

What is tax?

Tax refers to compulsory levy, impose by the government of a country on an individual or business entity.

Government use tax money to support the following:

Building and technology infrastructure.
Military programs
Public safety
Education
Environmental protection.

Hence, financial managers must understand tax regulations because they must consider the tax implications of major decisions

Learn more about tax regulations here : https://brainly.com/question/1133253

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