The Need for Operating Funds

question 257

Multiple Choice

The need for operating funds:

• A)eventually is eliminated as a business matures.
• B)increases when a firm introduces new products or enters a new market.
• C)remains constant regardless of the activities of the firm.
• D)is established by relevant government laws and regulations.

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Definitions:

Cancelling Contract

The act of terminating an agreement or contract before its fulfillment or end date.

UCC

Stands for the Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States.

Notice Requirement

Legal obligation to inform or provide official notice to parties involved in an agreement or legal process.

Aggrieved Party

An individual or entity that has suffered a legal wrong or injury for which the law provides a right to seek relief or compensation.