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:

Manufacturing Flaws

Defects or imperfections in a product that occur during its production process, often leading to reduced quality or functionality.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Parasympathetic Nervous System

Part of the automatic nervous system responsible for regulating the body's unconscious actions and helps to conserve energy and restore the body to a state of calm.