Question
Hofsteder Inc. is a clothes retailer. It holds a sum of $10,000 in its bank account on a daily basis in order to pay its
Hofsteder Inc. is a clothes retailer. It holds a sum of $10,000 in its bank account on a daily basis in order to pay its suppliers. This is an example of the ________ motive for liquidity.
Cautionary.
Traditional.
Speculative.
Precautionary.
Transaction.
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Production And Operations Analysis
Authors: Steven Nahmias
6th Edition
0073377856, 9780073377858
