Help with question 7 and 8 please! :)

Question 7 1 pts Which of the following statements is correct? O All the answers are correct. O The restrictive current asset investment strategy promotes a liberal trade credit policy for customers. O Under the restrictive current asset management strategy, the current assets are kept at a minimum. O A factor is an individual or financial institution that buys the firm's long-term assets without recourse. O A revolving openbox system allows geographically dispersed customers to send their payments to a post office box close to them. Question 8 1 pts Which of the following statements is correct? O All the answers are correct. o Commercial paper is a promissory note issued by small firms that have low credit ratings. O A flexible current asset investment strategy calls for tight terms of sale intended to curb credit sales and accounts receivable. With the short-term funding strategy, all seasonal working capital needs and a portion of permanent working capital and fixed assets are funded with short-term debt. O Revolver credit sale agreement specifies when payment is due and the amount of any discount if early payment is made