58. Spontaneous financing includes a) accounts receivable. b) accounts payable. c) short-term loans. d) a line of credit.

59. Permanent working capital

a) varies with seasonal needs.

b) includes fixed assets.

c) is the amount of current assets required to meet a firm's long-term minimum needs.

d) includes accounts payable

60. Financing a long-lived asset with short-term financing would be

a) an example of "moderate risk -- moderate (potential) profitability" asset financing.

b) an example of "low risk -- low (potential) profitability" asset financing.

c) an example of "high risk -- high (potential) profitability" asset financing.

d) an example of the "hedging approach" to financing.