1. Working capital policy involves a trade off between easier operation and ____.
a. more working capital
b. spontaneous liabilities
c. temporary financing
d. the cost of carrying short-term assets
2. The direct quote for British pounds is $1.50. If you tried to convert $3,000 into pounds, how many pounds would you obtain?
a. 3500 pounds
b. 1500 pounds
c. 2000 pounds
d. 2500 pounds