Which one of the following is not a determinant of Working Capital Requirement ?

Technology Upgradation

The correct answer is option (4) : Technology Upgradation

Regarding your question, the option that is not a determinant of Working Capital Requirement is(4) Technology Upgradation.

The determinants of working capital requirement are factors that affect the amount of working capital a company needs to operate effectively.

These determinants include (1) Business Cycle, (2) Operating Efficiency, and (3) Rate of Inflation.

Technology Upgradation, while important for a company's long-term success, is not directly related to the amount of working capital a company needs to operate on a day-to-day basis.