Question: The step in setting working capital balances, respond to temporary working capital needs and opportunities involves: A. Using long-term financing to respond to seasonal needs.

The step in setting working capital balances, "respond to temporary working capital needs and opportunities" involves:

A. Using long-term financing to respond to seasonal needs.

B. Changing the level of permanent current assets on a day-to-day basis.

C. Changing the target debt-equity mix.

D. Adding temporary financing in response to day-to-day events.

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