All of the following are considered effective cash management principles except: Multiple Choice Encouraging collection of receivables by offering discounts for early payments. Keeping only necessary assets. Planning expenditures. Retaining excess cash for unexpected expenditures. Delaying payment of liabilities until the last possible day.

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.