Discretionary Financing Needs Implies

question 21

Multiple Choice

Discretionary financing needs implies

• A) that management may choose between various forms of debt and equity.
• B) that the purchases being financed are optional rather than necessary.
• C) that management has considerable discretion in how to dispose of retained earnings.
• D) that management may choose between debt, new equity or retained earnings.

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Definitions:

Orbicularis Oculi

A circular muscle that surrounds the eye socket and allows for the closing of the eyelids.

Levator Palpebrae Superioris

A muscle in the orbit of the eye responsible for raising the upper eyelid, enabling the eye to open.

Eyelid

Movable fold of skin in front of the eyeball; also called palpebra.

Inferior Rectus

A muscle in the eye that contributes to downward gaze or moving the eye downward.