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Which of the following is an incorrect statement? Multiple Choice Cash management focuses on controlling the receipt and payment of cash in order to maximize

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Which of the following is an incorrect statement? Multiple Choice Cash management focuses on controlling the receipt and payment of cash in order to maximize cash balances. The management of marketable securities involves choosing between various short-term investments: The less liquid an asset, the higher the required rate of return. Totaf carfying costs vary directly with average inventory levels

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