Lately, Inc. is having trouble obtaining trade credit primarily because it has a policy of paying its suppliers 20 or more days late. Lately is being rejected because of its ______________.

Question

Quizplus · Accepted Answer

Lately, Inc. is facing issues obtaining trade credit due to its policy of paying suppliers late, which directly impacts its character. In the context of creditworthiness, "character" refers to a company's reputation for repaying debts, and consistently paying late would negatively affect this perception.