The Basic Strategies That Should Be Employed by the Business

question 36

Multiple Choice

The basic strategies that should be employed by the business firm in managing cash include all of the following EXCEPT

• A)paying accounts payable as late as possible without damaging the firm's credit rating.
• B)turning over inventory as quickly as possible while avoiding stock outs.
• C)collecting accounts receivable as quickly as possible without damaging customer relationships.
• D)all of the above

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Definitions:

Scholastic Ability

The capacity or aptitude to learn or excel in academic settings.

Academic Genius

Refers to an individual who exhibits exceptional intellectual ability, creativity, or originality, often to a degree that is associated with the achievement of new advances in academic or scientific domains.

High IQ

A measure indicating superior cognitive abilities in comparison to the general population, typically identified through standardized intelligence tests.

Nominal Group Method

A structured form of brainstorming that involves individuals generating ideas independently before sharing them with the group.