Which of the Following Statements Is FALSE

question 32

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:

Palmar Reflex

An involuntary movement where babies close their fingers in a grasp when their palm is touched.

Withdrawal Reflex

An involuntary response to a painful stimulus, leading to the automatic withdrawal or movement away from the source of pain.

Perceptual Development

The gradual development of the ability to interpret and understand sensory information.

Nearsighted

A vision condition in which close objects are seen clearly, but objects farther away appear blurred.