Which of the following statements is true when managing working capital accounts?
A) Maintain minimal raw material inventories without causing manufacturing delays.
B) Use as little labor as possible to manufacture the product while producing a quality product.
C) Delay paying accounts payable as long as possible without suffering any penalties.
D) All of the above are true.

Question

Quizplus · Accepted Answer

All of the options provided are strategies aimed at efficiently managing working capital. Maintaining minimal raw material inventories, using labor efficiently, and delaying payments without penalties help in optimizing cash flow and reducing unnecessary expenses.

Which of the Following Statements Is True When Managing Working