Which Statement Concerning Trade Credit Is Not True

question 64

Multiple Choice

Which statement concerning trade credit is not true?

• A)A discount of 1% offered for prompt payment of amounts owning to creditors is hardly worth taking.
• B)Trade credit is an important source of finance for most businesses.
• C)Trade credit is generally regarded as a 'free' source of finance.
• D)Credit can be a more convenient method of paying for goods than cash.

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Definitions:

Liver Cancer

A disease characterized by malignant cells forming in the tissues of the liver, which can be primary or secondary (metastatic).

Liver Failure

A critical condition where the liver loses its function, which can lead to life-threatening complications.

Fungal Infection

A disease condition caused by the growth of fungi in or on the body, leading to symptoms like itching, rashes, or more severe systemic issues.

Contagious

Having a disease that can easily be transmitted to others.