4a)

The aggressive funding strategy is a strategy by which a firm finances all projected funds requirements with long-term funds and uses short-term financing only for emergencies or unexpected outflows.

A) True B) False

4b)

The ____ of a firm is the amount of time required for a company to convert cash invested in its operations to cash received as a result of its operations.

A) Cash conversion cycle B) Cash turnover C) Average collection period D) Average age of inventory

4c)

A firm can reduce its cash conversion cycle by _____.

A) Increasing the operating cycle B) Increasing the average collection period C) Increasing the average age of inventory D) Increasing the average payment period