All Else Equal, When a Firm Purchases Raw Materials on Credit

question 3

Multiple Choice

All else equal, when a firm purchases raw materials on credit from its supplier, which of the following accounts is affected?

• A)Accruals
• B)Cash
• C)Accounts payable
• D)Accounts receivable
• E)Notes payable

---

Definitions:

Low Conscientiousness

A personality trait characterized by a lack of responsibility, organization, and reliability.

Personality Inventory

A questionnaire or other standardized instrument used to evaluate and measure personality traits and characteristics.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, which is a manual for assessing and diagnosing mental disorders.

Disinhibition

The reduction of restraint through the loss of inhibition, which can result in acting out or exploring behaviors typically held in check by societal norms.