A Flexible Short-Term Financial Policy

question 57

Multiple Choice

A flexible short-term financial policy:
I.increases shortage costs due to frequent cash-outs.
II.tends to increase sales as compared to a restrictive policy.
III.requires a sizeable investment in current assets.
IV.incurs more carrying costs than a restrictive policy.

• A)I and IV only
• B)II and III only
• C)I, II, and III only
• D)II, III, and IV only
• E)I, III, and IV only

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