Which of the following statements concerning lumpy assets is correct?
A. Purchasing lumpy assets generally does not have a significant effect on the amount of fixed assets a firm holds.
B. Lumpy assets normally are extremely liquid.
C. If it can only purchase lumpy assets, it is possible that a firm will be required to invest a substantial amount in plant and equipment to attain a small projected increase in sales.
D. Lumpy assets can be acquired in small increments.
E. Lumpy assets generally have lives that are less than 12 months.
Answer: C
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