Which One of the Following Statements Is Correct

Which one of the following statements is correct?

A) A firm with a restrictive financing policy secures sufficient long-term financing to fund all its assets.
B) A firm with a flexible financing policy frequently invests in marketable securities.
C) A firm with a flexible financing policy tends to use short-term financing on a frequent basis.
D) Firms tend to avoid short-term financing under both restrictive and flexible financing policies.
E) Firms with seasonal sales select flexible financing policies.