Assuming That a Firm Has Done All It Can to Stimulate

question 234

True/False

Assuming that a firm has done all it can to stimulate customers to pay promptly and to select vendors offering the most attractive and flexible credit terms, it can further speed collections and slow disbursements by taking advantage of the "float" existing in the collection and payment systems.

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Definitions:

Implied

Something suggested or understood without being directly stated.

Deceptive Advertising

Marketing practices that mislead or misinform consumers about a product or service.

Learned Intermediary Rule

A legal doctrine that holds manufacturers of products to a duty of warning only the intermediary, such as a physician, rather than the end consumer.

Pharmaceutical Manufacturers

Companies involved in the discovery, development, and production of drugs and medications for medical use.