Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A) After a firm decides on its credit standards, it must next establish its credit terms.
• B) The decision of how much credit risk to assume plays a large role in determining how much money a firm ties up in its payables.
• C) Knowledge of the payments pattern is also useful for forecasting the firm's working capital requirements.
• D) An aging schedule categorizes accounts by the number of days they have been on the firm's books.

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Definitions:

LANs

Networks that connect computers and other devices in a localized area, facilitating communication and resource sharing within a small to medium geographical location.

PANs

Personal Area Networks, a network of personal devices such as computers, smartphones, and tablets connected over a short distance.

Global Internet

Global Internet refers to the worldwide, publicly accessible network of interconnected computer networks that transmit data by packet switching using the standard Internet Protocol (IP).

IP Addresses

IP addresses are numerical labels assigned to devices connected to a computer network that use the Internet Protocol for communication, helping in identifying and differentiating every device.