1.Although it is difficult to believe in the twenty-first century, there are indeed countries with large businesses that have a cash-only policy. Cuba is one of them, and Armenia used to be one. Credit cards are either not accepted or are risky to use. Looking at this issue from the point of view of the country, do you think that this policy is a help or a hindrance to the economic strength of their country? Would someone from the United States be able to do business with a company in a country like Cuba under these circumstances?

2. Most of the principles of corporate finance are just as apt in personal finance. Do you have a credit policy? If a relative or a friend asks for a loan, how do you handle it? Are their special rules that depend on the person making the request, i.e., family versus friends?Do they you a payables policy, i.e., do not pay credit card right away but take advantage of any grace period?

3. A quote from an article on the Internet on short-term financing: "lenders favor businesses that exhibit strong management, steady growth potential and reliable projected cash flow..." What do you think they mean by strong management?

4. Given the globalization of business, should firms look outside their own borders for short-term financing? What are the advantages and disadvantages of doing this?