Which of the Following Statements Is FALSE

question 35

Multiple Choice

Which of the following statements is FALSE?

• A)The lower the discount percentage offered,the greater the cost of forgoing the discount and using trade credit.
• B)A firm should choose to borrow using accounts payable only if trade credit is the cheapest source of funding.
• C)A firm should always pay on the latest day allowed.
• D)A firm should strive to keep its money working for it as long as possible without developing a bad relationship with its suppliers or engaging in unethical practices.

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Definitions:

Proper Greeting

A polite or formal way of saying hello or welcoming someone.

Socially Acceptable

Behavior or actions that are considered appropriate and respectful within a society or community.

Vent

To release or express emotions, thoughts, or frustrations in a verbal manner.

Discrimination

Treating someone differently based on a characteristic.