Lexis and structure: Choose the option that best completes the gap. The committee ___ to announce its decision the next day.

Explanation

Cash flow management ensures business has money when needed. Profitable businesses can fail if they cannot pay bills on time. Cash flow differs from profit – timing matters.

Cash flow statement shows: operating activities (daily business), investing activities (buying/selling assets), financing activities (loans, share issues). Positive operating cash flow is essential.

Improving cash flow: collect receivables faster, delay payables (within terms), manage inventory efficiently, arrange credit facilities for shortfalls. Cash flow forecasting anticipates problems.