All of the following would be considered proper financial management during both good and bad times EXCEPT which one?
A) investing all excess cash in long-term securities
B) planning for sufficient financing when needed
C) making sure that funds are available to meet tax deadlines
D) paying bills promptly

Question

Quizplus · Accepted Answer

Investing all excess cash in long-term securities may not be considered proper financial management during bad times as long-term securities might be highly volatile and unpredictable during an economic downturn. It is important to maintain liquidity and have cash reserves during tough times.

All of the Following Would Be Considered Proper Financial Management