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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