Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is the best definition of the precautionary motive The need to hold cash to satisfy stakeholder requirements. The need to hold
Which of the following is the best definition of the precautionary motive
The need to hold cash to satisfy stakeholder requirements.
The need to hold cash to take advantage of additional investment opportunities, such as bargain purchases.
The need to hold cash for governmental requirements.
The need to hold cash as a safety margin to act as a financial reserve.
The need to hold cash to satisfy normal disbursement and collection activities associated with a firms ongoing operations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started