A Small Business Whose Sales Are Highly Variable, Such as a Seasonal

question 137

True/False

A small business whose sales are highly variable, such as a seasonal business, should use a short cash planning horizon.

---

Definitions:

Title

A legal term referring to a person's legal rights to own, use, and dispose of property or assets; also, the document or deed proving such rights.

Agreement

A mutual understanding or contract between parties outlining the terms and conditions of a relationship or deal.

Repudiation

The refusal to perform an agreement or promise. A refusal to perform a contract.

Specific Performance

A legal remedy requiring a party to carry out their specific duties under a contract, rather than simply paying damages.