Which of the following is not considered an effective cash management strategy? Multiple Choice Encouraging collection of receivables by offering discounts for early payments. Keeping only necessary assets. Planning expenditures. Retaining excess cash for unexpected expenditures. Delaying payment of liabilities until the last possible day.

Which of the following is not considered an effective cash management strategy? Multiple Choice Encouraging collection of receivables by offering discounts for early payments. Keeping only necessary assets. Planning expenditures. Retaining excess cash for unexpected expenditures. Delaying payment of liabilities until the last possible day