Which of the Following Statements Is FALSE

question 47

Multiple Choice

Which of the following statements is FALSE?

• A)In a pledging of accounts receivable agreement,the lender reviews the invoices that represent the credit sales of the borrowing firm and decides which credit accounts it will accept as collateral for the loan,based on its own credit standards.
• B)With a trust receipts loan or floor planning,all inventory items are held in a trust as security for the loan.
• C)If the factoring agreement is without recourse,the borrowing firm must receive credit approval for a customer from the factor prior to shipping the goods.If the factor gives its approval,the firm ships the goods and the customer is directed to make payment directly to the lender.
• D)In a warehouse arrangement,the inventory that serves as collateral for the loan is stored in a warehouse.

---

Definitions:

Voice-Ordering Chatbot

An automated messaging software that utilizes voice recognition technology to understand and process orders or requests made by users through spoken language.

Robot Delivery System

An automated system using robots to deliver goods and packages directly to a recipient's location.

Efficiency

Efficiency refers to the ability to accomplish a job with a minimum expenditure of time and resources. It is often used to describe the effectiveness of a process, system, or machine.

Effectiveness

The degree to which objectives are achieved and targeted problems are solved, in contrast to efficiency, which focuses on the resources required to achieve these objectives.