Solved

You're the Treasurer of Ipswitch Inc

Question 40

Multiple Choice

You're the treasurer of Ipswitch Inc. The president has just had the staff produce a top-down plan that shows great improvements on every issue many of which you seriously doubt will be achieved. The plan will be shared with securities analysts from Wall Street shortly. You're having a private meeting with the bank's loan officer to plan next year's borrowing needs. You should:


A) tell the banker to expect cash flow results in accordance with the official plan, because if the president hears you said anything else he'll fire you.
B) tell the banker the president is an optimist and the bank should be ready to lend Ipswitch a lot more than the plan indicates but you can't tell exactly how much.
C) look for another job because the president is likely to lay the blame for a cash flow miss at your door.
D) share some scenario analyses with the banker.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents