A Precautionary Cash Balance

question 36

Multiple Choice

A precautionary cash balance:

• A)is used to replace spoiled or damaged inventory.
• B)is held to facilitate cash disbursements when receipts slow down.
• C)is used for normal day-to-day operations.
• D)is held for the benefit of a sister affiliate.

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Definitions:

Offsite Contact

Interaction or communication that takes place outside of the main or usual business premises, often used for informal meetings or team-building activities.

Task Group

A team formed for the purpose of achieving a specific objective, typically within a limited timeframe.

Organizational Goals

These are the desired outcomes or targets that an organization aims to achieve through its operations and activities.

Antiestablishment Power

Influence or authority exerted with the purpose of challenging, disrupting, or overthrowing traditional or established institutions.