Indicate whether each of the following actions is primarily related to

(a) managing cash needs during seasonal cycles,

(b) setting credit policies, or

(c) financing receivables: E-1 1 . Buying a U.S. Treasury bill with cash that is not needed for a few months 2. Comparing receivable turnovers for two years 3. Setting a policy that allows customers to buy on credit 4. Selling notes receivable to a financing company 5. Borrowing funds for short-term needs during the period of the year when sales are low 6. Changing the terms for credit sales in an effort to reduce the average days' sales uncollected.

7. Using a factor to provide operating funds 8. Establishing a department whose responsibility is to approve customers' credit