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Basic Question 3 of 10
A company's ability to succeed ultimately depends on its ability to ______
B. design superior products.
C. generate cash.
A. market a product effectively.
B. design superior products.
C. generate cash.
User Contributed Comments 7
| User | Comment |
|---|---|
| surob | Cash is King!!! |
| ridone | "generate cash" in this question effectively means "make a profit" |
| Bududeen | no! profit and cash are different. a co. can be profitable but lacks cashflow.If ths is the case it will be in trouble. does credit crunch rings a bell!!! |
| sh21 | way to go bududeen! |
| bantoo | very important point raised by bududeen! there are many real estate companies which are profitable but lacks adequate liquidity. |
| kahh | C.R.E.A.M - Cash Rules Everything Around Me |
| jonan203 | Kahh, do you by any chance work at WuTang Financial? |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe how the cash flow statement is linked to the income statement and the balance sheet
CFA® 2025 Level I Curriculum, Volume 2, Module 4.