Which of the Following Statements Is False

question 18

Multiple Choice

Which of the following statements is false?

• A)Unpaid bills should be categorized alphabetically,using the company name.
• B)Monthly statements include a grace period.
• C)Bills paid electronically are received and processed more quickly than payments sent through the mail.
• D)Some types of payments must be paid on a specific date,or a penalty will be assessed.

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Definitions:

Return on Equity

A measure of a corporation's profitability, calculated as net income divided by shareholders' equity, indicating how effectively equity is being used.

Return on Assets

A measurement of profitability indicating how efficiently a company uses its assets to generate earnings.

Return on Debt

A measure of a company's profitability based on its total debt, indicating how effectively a company uses its borrowing.

Bankruptcy Costs

The expenses associated with the legal process of declaring an entity unable to pay its debts, including court fees, lawyer fees, and administrative costs.