The management of working capital is concerned with the following activities ________________.
A
Short-term operations
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B
Long-term operations
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C
Medium-term operations
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D
Both (a) and (b)
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Solution
The correct option is B Short-term operations Working capital management is defined as the management of short-term liabilities and short-term assets. The process is used continuously to operate and generate cash flow to meet the need for short-term obligations and daily operational expenses.