Which of the Following Statements Is False

question 40

Multiple Choice

Which of the following statements is false?

• A) The lower the discount percentage offered, the greater the cost of forgoing the discount and using trade credit.
• B) A firm should choose to borrow using accounts payable only if trade credit is the cheapest source of funding.
• C) A firm should always pay on the latest day allowed.
• D) A firm should strive to keep its money working for it as long as possible without developing a bad relationship with its suppliers or engaging in unethical practices.

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Definitions:

Social Force

An influence emanating from the societal structure, norms, or collective behavior that shapes individual actions and societal trends.

Demographic Variables

Characteristic factors used to segment populations for study, including age, gender, income level, race, employment, and others, to analyze changes or differences within a group.

Child Support Payments

Financial contributions that a noncustodial parent is required to make to support their children's living expenses.

Deadbeat Parents

Refers to parents who willfully neglect their financial responsibilities to their children, often failing to provide necessary support.