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.

---

Definitions:

Human Orientation Cultural

A cultural characteristic or value that emphasizes the importance of human resources, relationships, and wellbeing in an organization or society.

Cultural Dimension

A framework for understanding the differences in culture across countries and regions, often used in cross-cultural communication and business.

Transcultural Visions

The ability to envision and implement strategies that cross cultural boundaries, promoting understanding and integration across diverse groups.

Global Leaders

Individuals who are capable of influencing and managing people, practices, and policies across diverse cultures and international borders.