True / False   The main objective of cash management is to maintain a high level of cash so that profitability is NOT affected and

                       payment of long-term commitments is possible.

                    

True / False   Private investors and venture capital firms are individuals or groups of professionals with a vast amount of experience, contacts, 

                       and business kills that can help a business become more profitable.

                              

True / False   Risk capital investors provide equity financing to small and untried enterprises, thereby absorbing much of the risk that commercial 

                     lenders are unwilling to shoulder.

                                              

True / False   Planning assumptions are boundaries upon which priorities, goals, plans, budgets and financial projections are based.

Answer rating: 100% (QA)

Solution 1The main objective of cash management is to maintain a high level of cash so that profitab... View the full answer