The Target Cash Balance Is the Difference Between Total Cash

question 31

True/False

The target cash balance is the difference between total cash receipts and total cash disbursements.

---

Definitions:

Tea Sales

This refers to the commercial activity of buying and selling tea in various forms and quantities.

Perfectly Price Inelastic

A situation in demand where the quantity demanded does not change regardless of changes in the price of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.

Perfectly Price Elastic

A situation in which the quantity demanded or supplied changes infinitely in response to any change in price.