Asked by Mikey Grauso on Jul 06, 2024
Verified
The payables manager does not have a direct influence on the firm's inventory holdings.
Inventory Holdings
The quantity of goods or materials in stock by a business awaiting sale or use.
Payables Manager
A financial professional responsible for managing a company's short-term liabilities and obligations to its creditors and suppliers.
- Comprehend how decisions made by management affect a company's inventory and liquidity management.
Verified Answer
LL
Lalith LankaJul 08, 2024
Final Answer :
False
Explanation :
The payables manager can influence the firm's inventory holdings indirectly through payment terms negotiation with suppliers, which can affect the timing and volume of inventory purchases.
Learning Objectives
- Comprehend how decisions made by management affect a company's inventory and liquidity management.
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