When answering this question, focus on a specific instance where you had to make a challenging financial decision. Outline the context, the options you considered, the decision you made, and the outcome. Highlight your analytical skills, your ability to weigh risks and benefits, and your leadership in driving the decision. For example:
"In my previous role as a CFO at XYZ Corp, we faced a significant budget shortfall due to unexpected market changes. I had to decide whether to cut costs by reducing staff or to seek additional funding through a loan. After thorough analysis and consultation with my team, I opted for a combination of strategic cost-cutting and securing a short-term loan. This decision helped us navigate the crisis without major layoffs and positioned us for recovery. Ultimately, we were able to stabilize the company's finances and even achieve growth in the following quarters."
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