A Payables Manager Is Debating Which Guideline to Adopt for His

question 9

Multiple Choice

A payables manager is debating which guideline to adopt for his payables practices.Regardless of the NPV effect of doing so,a best ethical rule to follow in determining when to pay invoices is to

• A)stretch payables from all suppliers,not just a few
• B)stretch payables only to the extent your customers are stretching your receivables
• C)stretch only those payables that you think will not show up as paid late in the company's Dun & Bradstreet report
• D)stretch payables only when the company is financially unable to pay them

Recognize the requirements and exceptions under the Statute of Frauds for a contract to be enforceable.

Identify the regulatory framework governing corporate bodies and individual's contractual capacity.

Understand the distinctions between types of contracts and their enforceability.

Know the implications of contracts involving competition restrictions.

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Definitions:

Multiple Audiences

Varieties of audience groups each potentially with distinct expectations, needs, and background knowledge, to whom communication or content may be targeted.

Background Information

Provides context and necessary details for understanding the main content or subject matter.

Extrinsic Motivator

An external reward or incentive, such as money or recognition, that motivates individuals to perform a task.

Getting Promoted

The action of being elevated to a higher rank or position within an organization, typically as recognition for performance or potential.