Which of the Following Statements Is FALSE

question 15

Multiple Choice

Which of the following statements is FALSE?

• A)The Check Clearing for the 21st Century Act (Check 21),which became effective on October 28,2004,eliminated the disbursement float due to the check-clearing process.
• B)Trade credit is,in essence,a loan from the selling firm to its customer.
• C)The accounts receivable balance represents the amount that a firm owes its suppliers for goods that it has received but for which it has not yet paid.
• D)Providing financing at below-market rates is an indirect way to lower prices for only certain customers.

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Definitions:

Performance

This refers to how well a task is executed or the act of completing or carrying out specific tasks or duties.

Appearance

The way in which something's external form looks to the human sense of sight.

Motivate Emotion

The process of stimulating feelings or emotions in oneself or others, often with the aim of inspiring or driving actions.

Desire

refers to a strong feeling of wanting to have something or wishing for something to happen.