Which of the Following Regarding Current Asset Financing Is Correct

Which of the following regarding current asset financing is correct?

A) In an ideal world, net working capital would be zero.
B) A flexible policy always implies a short-term cash surplus.
C) A restrictive policy uses short-term borrowing for permanent asset requirements.
D) In a compromise policy, short-term borrowing is used, at least partially, in place of maintaining a liquidity reserve.
E) Most firms do not have seasonal variations in total asset requirements and, as a result, do not need a current assets management policy.