Indicate whether each of the actions below is primarily related to

(a) managing cash needs during seasonal cycles,

(b) setting credit policies, or

(c) financing receivables.

1. Buying a government bond with cash that is not needed for a few months.

2. Comparing receivable turnovers for two years.

3. Setting policy on which customers may buy on credit.

4. Selling notes receivable to a financing company.

5. Borrowing funds for short-term needs during the period of the year when sales are low.

6. Changing terms of sale in an effort to reduce the average days' sales uncollected.

7. Using a factor to provide operating funds.

8. Establishing a department whose responsibility is to approve customers' credit.