Which of the Following Statements Is False

question 19

Multiple Choice

Which of the following statements is false?

• A) Similar to the situation with its accounts receivable, a firm should monitor its accounts payable to ensure that it is making its payments at an optimal time.
• B) Some firms ignore the payment due period and pay later, in a practice referred to as pushing the accounts payable.
• C) Suppliers may react to a firm whose payments are always late by imposing terms of cash on delivery (COD) or cash before delivery (CBD).
• D) If the accounts payable outstanding is 40 days and the terms are 2/10, net 30, the firm can conclude that it generally pays late and may be risking supplier difficulties.

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Definitions:

Time Saving Technology

Technological innovations designed to reduce the amount of time required to complete tasks, often leading to increased efficiency.

Gender Role Socialization

The process by which individuals learn the cultural norms and expectations associated with their assigned gender roles.

Direct Speech

The repetition of someone's spoken or written words, quoting them exactly, often framed within quotation marks in written texts.

Roughly

Roughly means approximately or about, indicating an estimate rather than an exact number.