Question: Which statement does not correctly describe short-term financial decisions? Multiple Choice a. Most firms finance their investment in working capital with short-term debt b. Liquidity

Which statement does not correctly describe short-term financial decisions?

Multiple Choice

a. Most firms finance their investment in working capital with short-term debt

b. Liquidity is particularly valued by small firms that face relatively high costs to raising funds on short notice

c. Most firms finance short-term assets with short-term borrowing

d. Most firms maintain a positive investment in working capital

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