Answer and Explanation. Thank you.

A treasurer has been advised that his privately held company has just lost its largest customer, which will have a significant impact on earnings. The treasurer applies an aggressive working capital strategy. Presently, the yield curve is upward sloping. Given this information, the treasurer should ensure that the company has: a. Short-term non-committed lines b. Short-term committed lines c. Long-term non-committed lines d. Long-term committed lines