Most Firms Want to Extend Their Payables as Long as They

question 138

True/False

Most firms want to extend their payables as long as they can, but they also want to maintain their relations with suppliers.Businesses, therefore, negotiate hard for favorable payment terms and then delay paying until just before the last agreed moment.

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Definitions:

IRT

Interactive Response Technology, a system used in clinical trials for managing patients, supplies, and data.

Onc/o

A prefix used in medical terminology relating to tumors or cancer.

Sarc/o

Refers to flesh or connective tissue in medical terminology.

Trism

Involuntary muscle spasm of the jaw muscles, leading to difficulty in opening the mouth; often referred to as trismus.