Financial Responsibility and Budget Management Questions

VPs manage significant budgets and are accountable for spend efficiency. Discuss your approach to budgeting: How do you allocate budget across engineering, marketing, product operations? How do you evaluate ROI on different investments? Provide an example: 'Our annual product budget was $2M across team salaries, tools, and external services. I allocated 60% to headcount (to build the team), 30% to marketing tools and campaigns, and 10% to product development tools. I regularly reviewed spend vs. forecast and adjusted allocations based on ROI.' Show that you're financially disciplined, that you track spend, and that you make resource allocation decisions based on expected return.