Which of the following decisions is not normally taken by a Finance Manager?

a. Payment of Dividend:

Recommendations for payment of Dividend can be done by a Finance Manager but the Dividend declaration is purely at the Discretion of Board of Directors subject to ratification in the AGM or Extra Ordinary General Meeting of Shareholders. 

Answer C - procurement of materials

payment of dividend is related to him (not declaring dividend)

C. Procurement of Raw Material is normally decided by Procurement Manager

c. Procurement of Raw Material 

it is purely the task of purchasing department

D. Payment of Dividend, which is decided by Board of Directors. 

a. Dividend Payments. 

This decision is made by stakeholders