Ignoring the risk of theft, cash balances cannot spoil, yet managers are concerned with carrying costs. Why?
A) cash balances are idle and face an opportunity cost
B) the federal government may devalue the currency
C) higher balances require additional supervisors
D) embezzlement is a real risk in most firms
Ans: A) cash balances are idle and face an opportunity cost
Business
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An insurance company desiring to do business in Nebraska must apply for and be granted a(n):
A) certificate of merit. B) company permit. C) operating license. D) certificate of authority.
Business
All of the following are considered legal descriptions of real property except:
a. lot and block b. metes and bounds c. street address d. government survey
Business