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:

Touch

A sensation perceived through the skin, primarily enabled by mechanoreceptors, responding to mechanical pressure or distortion.

Polyandrous

Refers to a mating system in which a female has more than one male partner at a time.

Multiple Mates

A breeding strategy where an individual has more than one mate within a single breeding cycle, often for genetic diversity and reproductive success.