The BAT model is more useful than the Miller-Orr model because the Miller-Orr model is too complex for most firms.
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Q39: With respect to the workings of a
Q40: A zero-balance account is required to maintain
Q41: The amount of cash needed for transactions
Q42: In regards to the Miller-Orr Model, the
Q43: Management's desire to maintain a low cash
Q45: In regards to the Miller-Orr Model, the
Q46: One disadvantage of the BAT model is
Q47: The opportunity cost of holding cash is
Q48: The cost of borrowing and the cost
Q49: In regards to the Miller-Orr Model, the
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