Short-term financial decisions:
I. involve short lived assets
II. involve short lived liabilities
III. are easily reversed

Question

Quizplus · Accepted Answer

Short-term financial decisions involve both short lived assets and liabilities, such as inventory and accounts payable. These decisions are easily reversible and can be adjusted quickly based on changing circumstances. Therefore, all three statements are true.

Short-Term Financial Decisions: I. Involve Short Lived Assets