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Questions and Answers
What is cash management?
What is cash management?
- The process of managing only cash inflows
- The process of managing accounts payable
- The process of managing only cash outflows
- The process of managing cash inflows and outflows (correct)
Who needs cash management?
Who needs cash management?
- Only individuals
- Only accountants
- Individuals and businesses (correct)
- Only businesses
Why is cash management important?
Why is cash management important?
- To ensure financial stability (correct)
- To improve customer satisfaction
- To reduce taxes
- To increase profits
