The Drawbacks to Delaying Making Payments May Include All of the Following

question 63

Multiple Choice

The drawbacks to delaying making payments may include all of the following, except

• A)alienating suppliers.
• B)losing out on valuable trade credit.
• C)loss of business.
• D)reduced liquidity.

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Definitions:

Property

Assets or possessions owned by an individual or entity, including tangible items like real estate and personal items, or intangible rights.

Easement

An irrevocable right to use some part of another’s land for a specific purpose, without taking anything from it.

License

A license is a legal permission granted by a competent authority to engage in an activity or to use a certain type of property that would otherwise be forbidden.

Financing

The act of providing funds for business activities, purchases, or investments, typically involving loans, equity investments, or other financial instruments.