A sensible cash management policy would be to:
A) have enough cash on hand to meet ordinary course of business and some excess cash to invest in marketable securities as a precautionary measure.
B) have nearly enough cash on hand to meet ordinary course of business.
C) have enough cash on hand to meet any potential demand for cash.
D) have a zero cash balance and charge all expenditures.
E) None of the above.
Correct Answer:
Verified
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