A Major Benefit to Firms That Rely on Accounts Payable

question 63

True/False

A major benefit to firms that rely on accounts payable as a source of short-term financing is that it can defer payment of goods and services received.A potential cost is that the firm might be foregoing discounts for early repayment.

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Definitions:

Antisocial Personality Disorder

A mental disorder characterized by a long-term pattern of disregard for, and violation of, the rights of others.

Lacks Empathy

Describes an individual's difficulty or inability to understand and share the feelings of another person.

Egocentric

The tendency to view everything in relation to oneself and to consider one's own perspectives and interests as being the most important.

Psychotic

Relating to psychosis, a mental state characterized by a disconnection from reality, which may include hallucinations and delusions.