Question

Terry Wells owns a growing company that makes innovative kitchen appliances. One thing that Terry has to continually work at is to keep enough cash on hand to make sure she has sufficient liquidity to meet her payroll and cover her other short-term obligations. The day-to-day challenge of firm growth this example is referring to is ________.

Answer 1

Cash flow management

Step-by-step explanation:

The most important aspect to manage the firm's operation is to identify proper financial channels. Cash flow management is a technique terry wells must use in future to overcome potential financial problems. It helps to identify the monetary channels and helps to identify monetary changes. Similarly, cash flow management insurance that the company will pay the liabilities on time.