Use the Following Statements to Answer This Question

question 18

Multiple Choice

Use the following statements to answer this question:
I.Delaying payment of payables can create a buffer for the firm to keep its working capital.
II.If the firm cannot change its credit, payment, and inventory policies, it has to slow its growth to survive.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is correct and II is incorrect.
• D)I is incorrect and II is correct.

---

Definitions:

Major Effects

Significant impacts or outcomes resulting from a specific cause, event, or decision, which can be observed in various contexts such as health, environment, or society.

Medical Care Costs

The expenses associated with the provision of health services, treatments, and medications to patients.

United States

A country in North America consisting of 50 states, known for its large economy and diverse population.

Control Costs

Measures taken to contain or reduce expenses, often used in the context of managing healthcare or business expenditures.