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 choose to borrow using accounts payable only if trade credit is the cheapest source of funding.
C) A firm should always pay on the latest day allowed.
D) 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.
Answer: A
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Fill in the blank(s) with correct word
The number of products available to potential buyers has decreased in recent decades
Indicate whether the statement is true or false
Will has been very meticulous in managing his employees. They have come to believe that he will do exactly what he says he will when he interacts with them. This is the concept of ______.
A. sincerity B. trust C. purpose D. assurance
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