The Primary Purpose of the Accounts Payable Function

question 49

Multiple Choice

The primary purpose of the accounts payable function

• A) is to examine all incoming invoices and determine the proper amount to be paid.
• B) is to generate float for the firm.
• C) is to pay invoices as soon as possible.
• D) none of the above.

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Definitions:

Physical Energy

The capacity to perform work or to produce physical changes within the body or environment, stemming from physical or chemical resources.

Sensory Physiology

The study of how organisms perceive and respond to physical stimuli in their environment through sensory organs.

Constant Stimuli

A method in psychophysics used to measure the sensitivity of sensory systems by presenting stimuli of constant intensity but differing in duration or frequency.

Method of Limits

A psychological research method used to measure sensitivity to stimuli by gradually increasing or decreasing the stimulus intensity until it is detectable by the participant.