Which of the Following Is an Administrative (Non-Economic)reason for Holding

question 35

Multiple Choice

Which of the following is an administrative (non-economic) reason for holding cash?

• A)To pay bills for the goods and services used
• B)To meet short-term obligations
• C)To compensate banks for services
• D)To have cash available to take advantage of unexpected opportunities

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Definitions:

Preparation

The act or process of making ready or being made ready for use or consideration.

Conciliation

A method of dispute resolution where a neutral third party assists the disputing parties in reaching a voluntary agreement.

Union Organizing

The process of forming or joining a labor union to represent employees' interests in negotiations with employers.

Labour-management Co-operation

Collaborative efforts between employees, represented by their unions, and employers to improve working conditions, productivity, and mutual interests.