Which of the following factors was most often cited by CFOs as an important influence on debt use?
A)Keeping the confidence of customers and suppliers
B)Minimizing bankruptcy costs
C)Maintaining financial flexibility
D)Benchmarking against similar firms

Question

Quizplus · Accepted Answer

CFOs most often cited maintaining financial flexibility as the most important influence on debt use. This allows companies to have the ability to respond to unexpected events or opportunities that may arise. While the other factors listed may also be important, they were not cited as frequently as financial flexibility.

Which of the Following Factors Was Most Often Cited by CFOs