Examlex
House's revised Path-Goal theory includes
Speculative Motive
The need to hold cash to take advantage of additional investment opportunities, such as bargain purchases.
Liquidity
The ability of an asset to be converted into cash quickly and without any significant loss in value.
Cyclical Activities
Economic or business activities that are affected by the ups and downs of the economy, showing a tendency to rise and fall in response to economic cycles.
Cash Surpluses
Refers to the amount of cash that exceeds the cash needed to fund immediate expenses and operational activities.
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