Which of the Following Is Not a Key Rule for Managing

question 33

Multiple Choice

Which of the following is not a key rule for managing cash flow?

• A) Pay bills as soon as possible.
• B) Collect cash as soon as possible.
• C) Check cash balance every day.
• D) Pay bills as late as possible but on time.
• E) All of the above are key rules.

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Definitions:

Fraud

A deliberate deception practiced to secure unfair or unlawful gain, often involving financial transactions.

Guarantor

An individual or entity that agrees to be responsible for another’s debt or performance under a contract if the original party fails to meet their obligations.

Principal Debtor

The primary individual or entity responsible for repaying a debt or obligation under the terms of a loan agreement or financial contract.

Obligor

An obligor is a person or entity legally obliged to provide a benefit or payment to another in a contractual agreement.