As a Rule, Managers Should Try to Always Use the Free

question 55

True/False

As a rule, managers should try to always use the free component of trade credit but should use the costly component only after comparing its costs to the costs of similar credit from other sources.

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Definitions:

Absenteeism

The habitual non-presence of an employee at their job, which can be indicative of larger issues like dissatisfaction, illness, or personal problems.

Psychological Capital

The state of well-being of a person, marked by their belief in their own competencies, a hopeful perspective, future-oriented desires, and their ability to bounce back from adversity.

Self-Efficacy

A person's belief in their own ability to complete tasks and achieve goals.

Optimism

Making internal attributions about positive events in the present and future and external attributions about negative events.