Question: Consider the following statements: Statement 1. Strong controls surrounding the negotiation of long-term liabilities should result in obtaining the best possible interest rates. Statement 2.

Consider the following statements: Statement 1. Strong controls surrounding the negotiation of long-term liabilities should result in obtaining the best possible interest rates. Statement 2. Robust cash controls ensure that interest and principal payments are made on time. Which is correct? Select one:

a. Only statement 2 is correct b. Only statement 1 is correct c. Neither statement is correct d. Both statements are correct

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