A Flexible Short-Term Financial Policy Will Tend to Have More

question 14

Multiple Choice

A flexible short-term financial policy will tend to have more of which of the following than a restrictive short-term financial policy will have?
I.uncollectable accounts receivables
II.work stoppages for lack of raw materials
III.carrying costs
IV.obsolete or out-of-date inventory

• A)I,III and IV only
• B)I and II only
• C)I,II and III only
• D)II and III only
• E)III and IV only

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Definitions:

Transference

A psychological phenomenon in which an individual redirects emotions and feelings, often unconsciously, from one person to another, particularly in the context of therapy.

Irrational

Referring to thoughts, actions, or behaviors not based on logical reasoning or rationality.

Self-centered

Describes an individual who is overly focused on their own feelings, needs, or interests, often at the expense of others.

Self-doubt

The feeling of uncertainty about one's abilities, decisions, or worth.