Jasmine Started a Small Business Two Years Ago

question 122

Multiple Choice

Jasmine started a small business two years ago. The business is just now seeing some success, and Jasmine notes that she has a few thousand dollars more in her bank account than she currently needs to pay her bills. However, because of the uncertainty of cash flows in her new business, she is concerned that she may need access to these funds on fairly short notice in the future. Given this situation, what should Jasmine do?

• A) She should put some of her excess cash into money market mutual funds.
• B) She should use her excess cash to buy intangible assets.
• C) She should invest the funds in common stocks.
• D) She should keep all of these funds in her chequing account.

---

Definitions:

Personnel Psychologist

A professional who applies psychological theories and principles to the workplace, focusing on personnel selection, training, and evaluation.

Motivation Psychologist

A psychologist who specializes in understanding what drives human behavior and motivation, focusing on how individuals seek, engage, and persist in activities.

Democratic Leadership Style

A leadership approach where decisions are made with the input of team members, fostering a sense of collaboration and empowerment among the group.

Directive Leadership Style

A leadership approach characterized by providing clear instructions, setting defined goals, and directly supervising tasks and performances.