The Statement Concerning the Average Settlement Period for Creditors That

question 41

Multiple Choice

The statement concerning the average settlement period for creditors that is correct is:

• A) A change in the creditors turnover period of 56 days to 65 days means that creditors are being paid faster.
• B) It is always best for the business to make creditors wait for their money for as long as possible.
• C) Creditors provide a free source of finance for a business.
• D) It is best to pay creditors as quickly as possible.

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Definitions:

Social Responsibility

The obligation of an entity, individual, or organization to act for the benefit of society at large, often emphasizing ethical and environmental considerations.

Public Health

The science and practice of protecting and improving the health of people and communities through education, policy making, and research for disease and injury prevention.

Stop Smoking

The process of discontinuing the habit of inhaling tobacco smoke, often involves various support systems and techniques.

Developed Countries

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