Working Capital Management

question 14

Multiple Choice

Working capital management:

• A) Involves managing the firm's long-term assets,such as plant and equipment
• B) Requires very little in terms of people skills as it mostly involves analyzing numbers
• C) Deals with the firm's seasonal financing,inventory needs,collecting accounts receivable and investing surplus cash
• D) All of the above
• E) None of the above

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Definitions:

Creative Problem Solvers

Individuals who use innovative and imaginative approaches to overcome challenges.

Salespeople

Individuals who sell goods and services to customers, aiming to meet customer needs and achieve sales targets.

Conviction

The firm belief in the truth of one’s products or services, often seen as necessary for successful sales efforts.

Prospect

A potential customer or client who has been identified as fitting a target market or demographic but has not yet made a purchase.