Which one of the following managers determines which customers must pay cash and which can charge their purchases?

Which one of the following managers determines which customers must pay cash and which can charge their purchases?    A.  purchasing manager B.  credit manager C.  controller D.  production manager E.  payables manager Refer to section 18.2

35.	Which one of the following managers determines when a supplier will be paid?    A.  controller B.  payables manager C.  credit manager D.  purchasing manager E.  production manager Refer to section 18.2

36.

A firm with a flexible short-term financial policy will:    A.  maintain a low balance in accounts receivables. B.  only have minimal amounts, if any, invested in marketable securities. C.  invest heavily in inventory. D.  have low cash balances. E.  have tight restrictions on granting credit to customers. Refer to section 18.3

37.

Which one of the following is indicative of a short-term restrictive financial policy?    A.  purchasing inventory on an as-needed basis B.  granting credit to all customers C.  investing heavily in marketable securities D.  maintaining a large accounts receivable balance E.  keeping inventory levels high Refer to section 18.3

38.

Which of the following are associated with a restrictive short-term financial policy? I. little, if any, investment in marketable securities II. liberal credit terms for customers III. low cash balances IV. increasing inventory levels    A.  I and III only B.  II and IV only C.  I and IV only D.  III and IV only E.  I, II, and III only Refer to section 18.3