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:

Self-actualization

Bringing to fruition or realizing one’s innate talents and potential, seen as a core drive or necessity in people.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Adequate Clothing

Apparel that sufficiently meets the requirements for weather conditions, social norms, and functionality.

Self-transcendence

A psychological state characterized by the expansion of self-boundaries, involving the experience of going beyond the personal self into broader aspects of human experience.