Accounts Payable Turnover

question 68

Multiple Choice

Accounts payable turnover:

• A) Describes how much time it takes a company to meet its obligations to suppliers.
• B) Is also called inventory turnover.
• C) Describes how much time it takes a company to meet its obligations to suppliers and can be used to evaluate liquidity.
• D) Can be used to evaluate liquidity.
• E) All of these answers are correct.

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Definitions:

Primacy Effect

A bias towards better memory retention for items at the start of a list compared to those that come after.

Elaboration Effect

This effect describes how detailed processing and the integration of information into existing knowledge structures enhance memory retention.

Recency Effect

A memory phenomenon where the most recently presented items or experiences are likely remembered best.

Maintenance Effect

The ongoing benefits of a treatment or intervention after the primary treatment period has concluded.