Cash Is Often Referred to as a "Non-Earning" Asset

question 117

True/False

Cash is often referred to as a "non-earning" asset. Thus, one goal of cash management is to minimize the amount of cash necessary to conduct business.

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Definitions:

Complementary Skills

Abilities or competencies that enhance or complete each other when combined.

Organizational Setting

Organizational setting refers to the physical and social environment of a business or institution, including its culture, structure, and operational dynamics.

Common Purpose

A shared goal or objective that unites a group of people or an organization.

Ethnocentrism

The belief that one's own culture, nation, or ethnicity is superior to others, often leading to judgment of other cultures based on one's own cultural standards.