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Sagot :
Functional managers are level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals.
What are the responsibility of functional manager ?
In general, a functional manager oversees the technical work of team members from that functional area who are performing on the project. They manage and own the resources during a particular department, like IT, engineering, PR , or marketing. decisions regarding the long-term allocation of a company's financial resources to activities.
Capital budgeting is that the process a business employs to evaluate potential large projects or investments. Capital budgeting is required before a project is approved or rejected. Such initiatives can involve building a replacement facility or making a size able investment in a different company.
Capital assets are often long-term investments like new equipment, structures, and software updates, whether or not they represent a very small portion of a company's total assets.
Learn more about financial manager:
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