Precautionary Motive Is a Reason for a fiRm to Maintain

question 240

True/False

Precautionary motive is a reason for a firm to maintain liquidity.

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Definitions:

Agree on Purpose

The act of ensuring all parties involved in an activity or project share a common understanding and objective.

Colleague's Whereabouts

The current location or general situation of a co-worker, often sought for communication or collaboration purposes.

Telephone Calls

A form of real-time voice communication between two or more people using telephones, over a distance.

Professional Cell Phone

A mobile phone dedicated for work or business purposes, distinct from a personal device, often with features and apps suited to professional needs.