Which of the Following Statements Is FALSE

question 1

Multiple Choice

Which of the following statements is FALSE?

• A)The lower the discount percentage offered, the greater the cost of forgoing the discount and using trade credit.
• B)A firm should always pay on the latest day allowed.
• C)A firm should strive to keep its money working for it as long as possible without developing a bad relationship with its suppliers or engaging in unethical practices.
• D)A firm should choose to borrow using accounts payable only if trade credit is the cheapest source of funding.

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Definitions:

New-product Strategy Development

The process of creating strategies for the introduction and promotion of new products within the market.

Child-tested

Products that have been evaluated and approved by children, often used in marketing to appeal to young consumers and their parents.

Market Testing

The method of assessing the potential success of a new product or service by conducting controlled tests with specific market segments prior to a widespread rollout.

Organic Spice Company

A business that specializes in growing, processing, and selling spices that have been produced without synthetic pesticides, herbicides, or genetically modified organisms.