GT Motors Regularly Issues Short-Term Debt to Finance Its Daily

question 69

Multiple Choice

GT Motors regularly issues short-term debt to finance its daily operations.Suddenly,the credit markets froze and no funds were available for borrowing.Fortunately,the firm had some cash reserves saved that it was able to use to fund its operations until additional credit was available.The need to retain cash for situations such as this is referred to as which one of the following motives for holding cash?

• A)speculative
• B)float
• C)compensating
• D)precautionary
• E)transaction

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Definitions:

Query Design View

A graphical interface in database systems that allows users to create queries by visually arranging tables and establishing criteria without writing code.

Query Results

The data retrieved from a database as the outcome of a query operation, usually displayed in a structured format.

Saved Object

An item, like a document, file, or configuration, that has been stored persistently for future use.

Temporary

Describes data, files, or elements that are intended to exist or be used for a short period of time and then deleted or disposed of.