When a Firm Has Excessive Cash, Managers May Make Use

question 88

Multiple Choice

When a firm has excessive cash, managers may make use of the funds in an inefficient manner. This is also referred to as the ________ cost of retaining cash.

• A) fixed
• B) agency
• C) interest
• D) special

---

Definitions:

Universal Language

A hypothetical or proposed language that is intended to be spoken and understood globally.

Different Languages

Refers to the variety of languages spoken or programmed around the world, emphasizing diversity in communication and coding.

Compiler

A program that understands both the syntax of the programming language and the exact structure of the CPU and its machine language.