Managers Who "Stretch Their Payables" Are Attempting To

question 93

Multiple Choice

Managers who "stretch their payables" are attempting to:

• A) repay more recent charges prior to early charges.
• B) improve their current ratio prior to preparation of financial statements.
• C) offer finished goods at a discount for repayment.
• D) obtain a longer period of short-term financing.

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Definitions:

Haploid

Refers to cells that contain one complete set of chromosomes, typical of gametes in sexually reproducing organisms.

Mycorrhizae

A symbiotic association between a fungus and the roots of a vascular host plant, beneficially affecting nutrient uptake and resistance to pathogens.

Algae

Photosynthetic organisms that are primarily aquatic and can be either unicellular or multicellular.

Lichens

Lichens are symbiotic associations between a fungus and a photosynthetic partner, usually algae or cyanobacteria, living together in a mutually beneficial relationship.