If a Firm Uses Only Short-Term Debt to Finance the Fluctuating

question 26

Multiple Choice

If a firm uses only short-term debt to finance the fluctuating level of current assets, the firm is said to be using the ____ approach to asset financing.

• A) aggressive
• B) moderate
• C) matching
• D) conservative

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Definitions:

Mathematics

The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Textile Artisan

A skilled craftsperson who creates art or products using textiles (fabrics), employing various techniques like weaving, knitting, and sewing.

Wealthy Landowner

An individual with significant property and land assets, often implying a high socioeconomic status.

Mass Education

The provision and system of education designed to reach large numbers of people, generally through a public schooling system.