Which of the Following Is NOT Characteristic of Accounts Payable

question 155

Multiple Choice

Which of the following is NOT characteristic of accounts payable?

• A) Accounts payable are really just the flip side of accounts receivable.
• B) Accounts payable arise when a business purchases goods or services on credit.
• C) Accounts payable arise when a business promises to purchase goods or services.
• D) Accounts payable seldom require the payment of interest.

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Definitions:

Local Facilities

Amenities or services provided in a specific area, often to meet the needs of the community, including healthcare, education, and recreation.

Managed Care System

A healthcare delivery system aimed at managing costs, utilization, and quality of healthcare services.

Primary Care Physicians

Medical doctors who provide first contact for a person with an undiagnosed health concern as well as continuing care for varied medical conditions, not limited by cause, organ system, or diagnosis.

Drug Treatment

The use of medications or other substances to manage or cure diseases and disorders.