Asked by
Michelle Tanaka
on Dec 01, 2024
Verified
The administrative reason for holding cash is to pay for emergency needs.
Administrative Reason
A justification or explanation based on the requirements or procedures of management or bureaucracy.
Emergency Needs
Immediate financial requirements that arise unexpectedly, requiring quick access to funds.
- Get to grips with the vital role and execution of cash flow governance, as well as the positive and negative aspects of various strategies for cash handling.
Verified Answer
CM
Learning Objectives
- Get to grips with the vital role and execution of cash flow governance, as well as the positive and negative aspects of various strategies for cash handling.
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