All of the Following Actions Can Help a Business Manage

question 174

Multiple Choice

All of the following actions can help a business manage its cash flows except

• A) convince its creditors to allow payment over a period of time.
• B) pay for all expenditures immediately.
• C) be efficient in making collections from its customers.
• D) arrange for a line of credit at the bank,should the funds be needed.

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Definitions:

Intuitive Reasoning

The process of making decisions on the basis of what feels right or what is instinctively believed to be true without logical reasoning.

Symbolic Thought

The ability to use symbols, like words or images, to represent objects, actions, or ideas not physically present.

Concrete-Operational

A stage in Piaget's theory of cognitive development, typically occurring between ages 7 and 11, where children start thinking logically about concrete events.

Logical

Pertaining to a mode of reasoning or argumentation that is consistent, valid, and based on facts or established rules of reasoning.