Sam, a small business owner, has had a turnaround in business; its now profitable. She wants to

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Sam, a small business owner, has had a turnaround in business; it’s now profitable. She wants to keep the excess cash liquid so that she can get it quickly if she needs it. How should she invest it?


Classify the problem in each statement according to the structure and condition under which the decision must be made.

A. Programmed, certainty

B. Programmed, uncertainty

C. Programmed, risk

D. Nonprogrammed, certainty

E. Nonprogrammed, uncertainty

F. Nonprogrammed, risk

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Management Fundamentals

ISBN: 9781544384191

9th Edition

Authors: Robert N. Lussier

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