A firm which adopts a compromise short-term financial policy:

	a.	relies primarily on short-term debt to meet all of its financing needs.
	b.	will maintain a constant level of long-term debt as the firm increases in size.
	c.	borrows sufficient long-term money so that short-term financing can be avoided.
	d.	finances its long-term assets with a combination of short-term and long-term debt.
	e.	will sometimes have cash surpluses and sometimes have cash shortfalls.

Answer rating: 100% (QA)

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