Which of the Following Statements Is FALSE

question 2

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:

Selection

The process of choosing from a group of options or individuals, often used in contexts like recruitment, where the best candidate is selected from a pool of applicants.

Organization

A structured group of people working together towards common goals.

Personality

The blend of traits or attributes that create a person's unique personality.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.