Question: Financial Slack. True or false? ( LO 1 6 - 4 ) a . b . c . Financial slack means having cash in the

Financial Slack. True or false? (LO16-4)
a. b. c. Financial slack means having cash in the bank or ready access to the debt markets.
Financial slack is most valuable to firms with few investment opportunities.
Managers with excessive financial slack may be tempted to spend it on poor investments.

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