The goal of the daily management of cash is to have sufficient cash on hand to pay the bills without carrying ________.
A)excess debt
B)excess sunk costs
C)excess depreciation
D)excess cash

Question

Quizplus · Accepted Answer

The goal of daily cash management is to maintain enough cash to meet immediate obligations without holding excess cash, which could otherwise be invested to generate returns. Excess cash does not work for the company and may represent an inefficient use of resources.

The Goal of the Daily Management of Cash Is to Have