Which of the Following Statements Is FALSE

question 17

Multiple Choice

Which of the following statements is FALSE?

• A)If a factoring arrangement is with recourse,the factor will pay the firm the amount due regardless of whether the factor receives payment from the firm's customers.
• B)In a factoring of accounts receivable arrangement,the firm sells receivables to the lender (i.e. ,the factor),and the lender agrees to pay the firm the amount due from its customers at the end of the firm's payment period.
• C)Businesses can also obtain short-term financing by using secured loans,which are loans collateralized with short-term assets-most typically the firm's accounts receivables or inventory.
• D)Both the interest rate and the factor's fee vary depending on such issues as the size of the borrowing firm and the dollar volume of its receivables.

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Definitions:

Wealthy Nations

Countries characterized by a high level of economic development, significant gross national income, and often a high standard of living for their citizens.

Caregiving

Providing support and assistance, especially in tasks related to daily living and health care, to individuals unable to care for themselves due to illness, disability, or age.

CPR

Cardiopulmonary resuscitation, an emergency procedure combining chest compressions with artificial ventilation to maintain circulatory flow and oxygenation during cardiac arrest.

Scientific Nature

The intrinsic characteristics of scientific investigation, including its reliance on empirical evidence, systematic experimentation, and logical reasoning.