Which of the Following Statements Is False

question 120

Multiple Choice

Which of the following statements is false?

• A) Working capital represents assets needed to carry out the normal operations of the business.
• B) Wages payable are part of a firm's accounts payable,
• C) Because of accrual accounting, a firm's net income over some period is not necessarily the same as its cash flows.
• D) Capital is recorded on the liability side of the balance sheet.

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Definitions:

Aggregate Plan

A plan that outlines a company's production rates, inventory, staffing levels, and other variables to meet forecasted demand while minimizing costs over a specific time period.

Constraints

Limitations or restrictions that affect the development, operation, or outcome of a process or system.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Aggregate Planning

A marketing activity that involves developing, maintaining and analyzing broad, long-term operational schedules that facilitate decision-making processes.